987 days ago
The rebound in risk sentiment and a stronger dollar made gold prices fall hovering near a more than one-week low as investors awaited the European Central Bank policy meeting. Spot gold was down 0.2% to $1,799.72 per ounce. Source: Reuters
987 days ago
Lumber's crash is now at negative 68% from this year's lofty peak. Note that it is still up 60% from July 2019, though. Source: Liz Ann Sonders, Bloomberg
988 days ago
Baby food maker ''Little Spoon'' raises $44M valuing the firm at $200M, a round led by Valor Equity Partners. The startup said it is growing fast, delivering seven million meals since the onset of the pandemic out of the 15 million delivered since the firm's founding. Sales of baby food actually dropped in the Spring of 2020 and continue to show this sort of trend--have people postponed making babies because of coronavirus? Source: WSJ
989 days ago
Most-active futures for the crop rose an eighth day in Minneapolis, the longest winning streak in three years and nearing their highest since 2012. In Chicago, soft red winter-wheat touched a two-month high. Corn and soybeans gained. The weather continues to present a grim picture for North America, especially for spring wheat farmers. Little reprieve is expected for the U.S. growing region, and “significant dryness and stress” will persist for much of the Canadian prairies. Source: Yahoo/Bloomberg
989 days ago
The Covid-19 resurgence is making investors fear the the demand for energy might not be so high in the end. Brent oil steadied at $69 after a 6.8% plunge on Monday, the most since March. A stronger dollar has also weighted on the commodity's price, as it means that raw materials are more expensive in the US and thus less attractive to investors. Source: ICE, Yahoo Finance
