Posts Tagged ‘supply and demand’

Peanut farmers expecting increased demand

by Published: October 5,2010

Tags: agriculture, food, supply and demand

ACROSS MISSISSIPPI — Demand for Mississippi peanuts could be up because of season-long production problems in Georgia and Alabama. “Peanut crops in the central areas of Georgia and Alabama are hurting,” said Malcolm Broome, executive director of the Mississippi Peanut Growers Association. “If our farmers can get the crop out, they may see some price […] [...]

Chinese steelmakers in price talks

SHANGHAI — A state-affiliated industry group vowed today to tighten control over iron ore trading as Chinese steelmakers discussed strategy for contentious price talks with global miners — the backdrop to last month’s commercial spying and bribery convictions of four Rio Tinto employees. The China Iron & Steel Association gathered representatives of major mills at […] [...]

Soybean, corn prices tumble after report

NEW YORK — Soybeans are leading a big sell-off in grains trading after the government released its latest crop report. The Agriculture Department said yesterday that soybean stockpiles are larger than expected. And it forecasts that farmers will plant 78.1 million acres of beans. That would make 2010 another record year of production. May soybeans […] [...]

Saudis worried over global oil demand

JEDDAH, Saudi Arabia — A top Saudi energy official expressed serious concern today that world oil demand could peak in the next decade and said his country was preparing for that eventuality by diversifying its economic base. Mohammed al-Sabban, lead climate talks negotiator, said the country with the world’s largest proven reserves of conventional crude […] [...]

Oil prices stay near $78 per barrel

by Published: January 18,2010

Tags: gas, global economy, Oil, supply and demand

Oil prices hovered around $78 a barrel this morning as traders weighed doubts about global oil demand against a weaker U.S. dollar, which made crude cheaper for investors holding other currencies. By midday in Europe, benchmark crude for February delivery was up 30 cents to $78.30 a barrel in electronic trading on the New York […] [...]

Oil prices stay below $83 per barrel

Oil prices hovered below $83 a barrel Friday as investors looked to a key U.S. jobs report later in the day for clues about the strength of the economic recovery, The Associated Press reports. Signs of monetary tightening in China and the dollar’s gains on other major currencies also helped keep oil prices in check. […] [...]

Oil prices fall due to sluggish demand

by Published: January 7,2010

Tags: oil prices, supply and demand

Traders work the crude oil options pit at the New York Mercantile Exchange Wednesday, Jan. 6, 2010 in New York, according to The Associated Press. One of the worst winter blasts in years could not obscure the enormous amount of crude and gasoline the U.S. has in storage and most energy prices began to give […] [...]

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