It was so cheap, Chinese people started to stockpile copper. But, when you look at this chart, and considering that copper is easy and cheap to store, stockpiling copper makes perfect sense, no? Consider that recent spikes in 20 went to the present value. Another grain near the lowest real price in the history of the world. Sugar used to be at super-lows, but then it had a little rebound. The out-month contracts are significantly cheaper, and represent an interesting investment/speculation if you ask me. You would expect that, given the economic situation.
Of all the base metals, copper is the most “money-like.” Chinese have a long history of copper coins. Lead has had a big recovery in nominal terms, but it is still well off its recent devaluation-adjusted highs. However, if there is limited downside, and considerable upside — many could double vs.
Gold is not a floating currency, it is stable money.
April 15, 2007: The Value of Today’s Dollars in 1854 Dollars Corn is still cheap — about the cheapest it has ever been.
Bottom line, the near- and long-term outlooks for the oil market are conflicted.If you are renewing your current subscription your payment will extend your current subscription.Soft commodities are agricultural products such as wheat, coffee, cocoa and sugar.estimates that called for a much more modest 3.3M barrel build.The EIA build also was larger than the 5.8M barrel build reported by the API late Tuesday, so the oil headline was decidedly bearish from a supply standpoint.