As a new year begins, we are going to take the time to look at the profitability of the major crops produced by US farmers, in part because their financial situation will affect both the type and the cost of the legislation that will replace Title I - Commodities of the 2014 Farm Bill.
Wheat futures tumbled despite the US estimating winter sowings at a 109-year low – with the extent of the drop falling short of investor expectations, and bigger-than-expected inventory data weighing on prices too.
Gold futures in the February contract settled last Friday in New York at 1,322 an ounce while currently trading at 1,333 up about $11 for the trading week right near a 4 month high as I'm currently not involved in any of the precious metals as they have rebounded sharply over the last month.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment.