Monday, February 22, 2010

Quick Overview

  • The London Metal Exchange has approached the Baltic Exchange to develop an electronic exchange for freight derivatives.

  • (FT) Saudi Arabia’s oil exports to the US last year sank below 1m barrels a day for the first time in two decades just as China’s purchases climbed above that level, highlighting a shift in the geopolitics of oil from west to east

  • The London Metal Exchange is launching derivatives contracts on cobalt and molybdenum.

  • World cocoa demand could return to historical growth trends of between 2% and 3% in 2010, Cargill's managing director of cocoa and chocolate said Monday.

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