Posts Tagged ‘Oil’
Winning Wheat
In the complex fighting between Russia and Ukraine (R&U), there are unambiguous winners. Wheat is at its highest price in three weeks on fears that R&U, which collectively account for 20% of global wheat exports, may fail to get the harvested wheat on ships for export. Similarly, U.S. crude oil for October delivery is at…
Read MoreImpact of Disaster in Japan
Impact of disaster in Japan on US is tiny: Oil prices drop by $1.50 as Japan shuts down 6 refineries; 31% of its capacity. Yen rises slightly as insurers convert foreign holdings into Yen to pay for rebuilding. Japanese gov’t may sell some of their T-bill holdings to help pay for reconstruction. This may cause…
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