Wheat Futures Continue to Climb
One exception in Commodity prices that I've generally observed recently is the falling prices prices of sugar futures. Interestingly enough, as I've watched other major commodity staples rising, Sugar has actually been declining. In the past few weeks, I've watched the price of sugar futures go from $28 to $23 per pound. To follow Sugar Prices or see other Commodity performance and charts, I visit www.indexmundi.com Obviously, oil continues to make production more expensive, as the cost of transporting goods or operating machinery has also risen in price. The added costs to run farm equipment and to ship goods, has become more expensive over the past several months, but for some odd reason, sugar continues to fall. The New York Times Business section reserves a portion of their newspaper for reporting on commodity prices. While I've watched most rise, it has been very interesting to simultaneously, watch sugar fall. I will keep a close eye on this situation for any further developments and will blog what I see in a future post.
Global Oil Prices March Higher
Goldman Sachs Bearish on Oil, Yeah Right! I don't believe that for a second.