Archive for September, 2010
How do you get stock market prices for past years?
Depends. If you want the past 10 years, you can see those prices easily. here on Yahoo! finance for example. any online trading station will let you look at a 10-year price chart. my trading station is Fidelity Active Trader Pro, but that's restricted.
If you want price data from before the Internet existed, that's very hard to come by. Your brokerage firm may help, but that's doubtful.
Nothing is free in America. The Stock Exchanges found out there's a demand for past data of prices, so they took advantage of that to make profit.
But….
I did a project that involved getting stocks data online, but I missed collecting the right info (tick data). after some research online and guidance from my professor, I had to call Chicago Board of Exchange to get them. most of them will be generous to you if you were a student, but from my experience, the operator gave me bad attitude, probably because I didn't call as a customer. I've also emailed to another exchange and the guy was soooo nice to me, he emailed me a few times just so I get the exact data I was looking for.
But If you want the info for personal use, you can always purchase that online
You can get this information in Yahoo! Finance.
But to actually find the information it will depend on what you mean by "stock market" prices.
Do you mean for individual stocks? mutual funds? or entire markets or benchmarks such as S&P 500, Dow Jones Industrials, or NASDAQ.
For stock market prices just go do
finance.yahoo.com and choose the stock market prices you want to see. its free and they have all the stocks in main markets in the world.
to give an example if you want the max of FTSE 100 indices you can go to
http://uk.finance.yahoo.com/q/bc?s=%5EFT…
you can add any stock prices, you can also see gold, fuel or commodities as well as AIM shares
How do I go about investing in jim rogers Quantum hedge fund? do you have an email address?
Jim Rogers no longer has anything to do with Quantum. George Soros, the head partner, doesn't have anything to do with the daily operation of it any longer either.
Hedge funds are only open to accredited investors. in order to be an accredited investor you must have a net worth of $1 million, exclusive of the equity in your home, and must have a net income of $200,000 for each of the last 2 years.
They probably dont accept small retail investors. in fact, I highly doubt it.
If you have to ask, they probably won't take you.
Hedge funds are limited to a small number of very wealthy investors. They don't take riff-raff like us.
How do I go about investing in jim rogers Quantum hedge fund? do you have an email address?
Blount International Inc. Reports Operating Results (10-Q) — GuruFocus.com
Blount International Inc. (BLT) filed Quarterly Report for the period ended 2010-06-30. Blount International Inc. has a market cap of $523.31 million; its shares were traded at around $10.94 with a P/E ratio of 14.99 and P/S ratio of 1.04.
BLT is in the portfolios of Jean-Marie Eveillard of first Eagle Investment Management, LLC, Jeff Auxier of Auxier Focus Fund, John Rogers of ARIEL CAPITAL MANAGEMENT LLC, Richard Pzena of Pzena Investment Management LLC, Chris Davis of Davis Selected Advisers, Jim Simons of Renaissance Technologies LLC.
Sales in the three months ended June 30, 2010 increased by $35.0 million (30.7%) from the same period in 2009, primarily due to increased unit volume of $35.6 million. changes in average selling price and mix lowered sales revenue by $1.3 million on a quarter-over-quarter comparative basis. Lower average selling prices were attributable to a higher proportion of OEM sales versus replacement market sales in the comparable prior year quarter. International sales increased by $29.3 million (40.2%), while domestic sales increased by $5.6 million (13.7%). The increase in international sales reflected improved world-wide market conditions and increased demand for our products following the severe global recession experienced in 2009. During the second quarter of 2009, we were cautious about extending credit to certain higher risk geographical areas during the global recession, which we believe contributed to a slowdown in sales and orders last year from portions of our international customer base. as international market conditions and credit concerns have improved, our international sales have increased.
Consolidated order backlog at June 30, 2010 was $124.5 million compared to $105.7 million at March 31, 2010. Backlog in the Outdoor Products segment increased $17.9 million, while the backlog for gear components increased by $0.9 million during the second quarter of 2010.
SG&A was $29.8 million in the second quarter of 2010, compared to $24.0 million in the second quarter of 2009, representing an increase of $5.7 million (23.9%). as a percentage of sales, SG&A decreased from 21.1% in the second quarter of 2009 to 20.0% in the second quarter of 2010, primarily due to the increase in sales revenue, which outpaced the increase in SG&A spending. Compensation and benefits expense for the quarter increased by $3.4 million on a year-over-year basis, reflecting annual merit increases, increased incentive compensation attributable to improved operating results, higher stock-based compensation expense, and increased employee benefit costs. Advertising expense increased by $0.6 million in the second quarter of 2010 compared to the second quarter of 2009, as we had reduced our advertising programs during the 2009 economic downturn. we incurred $1.1 million in consulting and other costs related to several strategic initiatives we began in the second quarter including projects to improve the efficiency of our manufacturing processes and supply chain. The closure of our warehouse and distribution center in France, and consolidation of these functions into our European distribution center in Belgium in the second quarter of 2010, resulted in costs of $0.4 million. Operating expenses increased $0.3 million from the prior year due to the weaker U.S. Dollar and its effect on the translation of foreign expenses.
Net income in the second quarter of 2010 was $10.4 million, or $0.22 per diluted share, compared to $4.2 million, or $0.09 per diluted share, in the second quarter of 2009.
Outdoor Products Segment. Sales for the Outdoor Products segment increased by $34.7 million (31.5%) in the second quarter of 2010 compared to the second quarter of 2009, primarily due to an increase in unit volume of $35.2 million, reflecting improved international market conditions and strong customer demand for our products. Segment sales were reduced by $1.1 million from the effect of lower average selling prices, driven by product mix and a higher relative proportion of sales to OEM customers as opposed to sales in the replacement market in the comparative quarterly periods. Sales of wood-cutting chainsaw components were up 35.9%, sales of concrete-cutting products were up 33.8%, and sales of outdoor care products were up 14.5%. Sales to OEM customers increased by 39.3%, while replacement market sales increased by 29.1%. International sales increased 40.6% for the three month comparable period, while domestic sales increased by 13.8%.
Segment contribution to operating income increased $14.1 million (100.7%) in the second quarter of 2010 compared to the second quarter of 2009. Increased sales unit volume ($11.6 million) and lower product cost and mix ($8.5 million) drove the improvement in contribution to operating income. these positive factors were partially offset by the effects of lower average selling prices and mix ($1.1 million), fluctuations in foreign currency translation rates ($1.8 million), and higher SG&A expenses ($3.0 million). Our product costs were positively affected in the second quarter of 2010 compared to the second quarter of 2009 by higher production volumes, including the elimination of idle manufacturing days. The higher production volumes drove improved absorption rates when compared to the second quarter of 2009. Capacity utilization in our Outdoor Products segment is estimated at 92% for the second quarter of 2010, compared to 60% for the second quarter of 2009. In addition, steel costs on a year-over-year comparative basis were lower by an estimated $1.8 million, although we expect steel costs to increase in the second half of 2010. SG&A expenses were higher primarily due to increased compensation costs ($1.4 million), advertising expenses ($0.6 million), and severance costs for the closure of our warehouse and distribution function in France ($0.4 million).
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<a href="http://www.gurufocus.com/news.php?id=103557tag:news.google.com,2005:cluster=http://www.gurufocus.com/news.php?id=103557Mon, 09 Aug 2010 19:43:19 GMT 00:00″>Blount International Inc. Reports Operating Results (10-Q) — GuruFocus.com
Taylor Pioneer Museum And 20-30 Club Share A History
By Naomi Hatch
the 20-30 Club is one of the oldestclubs in the community. its name stems from the fact that the original memberswere married in the 1920s and ‘30s. Their purpose is to foster and preserve theheritage of their forefathers in the Town of Taylor.
they meet one Monday a month at theTaylor Pioneer Museum for a potluck dinner, a short program and lots ofvisiting. Years ago if there wasn’t a planned program, Vern Hatch and JohnBallard entertained with their stories about some of the people in thecommunity.
the Taylor Pioneer Museum has quitea history. it was built in the early 1930s to house the Daughter of the UtahPioneers (DUP) under the direction of Jane Hatch, Lizzie Willis and EmmaKartchner, but with the help of many, many volunteers.
Ed Reidhead, who owned a lumbermill, furnished lumber for the project, telling the women they could pay himback when they were able. As soon as the building was completed, they beganmaking quilts and sold them to pay their debt.
many townsmen donated time to theproject, including John and Jack Hatch, Perry and Lawrence Pearce, Shirl Tenney, Hunt and Gyle Standifird, Frank Perkins, Josh Allen, WalterLewis and Leo McCleve.
they had rummage sales and auctionsthat raised money to purchase materials for the building. it took several years,but the building was finally completed.
Kate B. Carter, president of theDaughters of Utah Pioneers, came from Salt Lake City, Utah, to dedicate thebuilding. the first DUP meeting was held on Nov. 8, 1940, with members meetingoften to share stories of their pioneer ancestors. they held parties, quiltingbees and donated artifacts for what they called the “relic room,” an additionon the northeast side of the building.
in 1947 Jane Hatch passed away andthe DUP organization gradually became less active, leaving the buildingneglected. seven couples took on the project of repairing the building,including Walter and Ann Lewis, Vern and Lena Hatch, Clad and Eva Willis, Leoand Ella Mae McCleve, Paul and Vera Rogers, Jim and Della Rhoton, and Joe andMae Brimhall.
they borrowed $2,000 from the bankin Holbrook, and went to work replacing the roof, adding a bathroom and serviceporch, and painting the building inside and out. once again the town cametogether, volunteering time and labor, and holding fundraisers to repay theloan. Ella Mae made a beautiful flagstone fireplace.
in the 1950s the Rhotons andLewises were playing cards one Sunday afternoon. Feeling some guilt, the sevencouples met and decided to start the “Church Going Club.” Fines were set formissing church, with the couple missing the most meetings having to furnishdinner for all of them. Soon each member suggested the name of a friend orrelative, and those names were voted on, increasing membership. the new membersincluded Lan and Viva Hatch, John and Thelma Frost, Ralph and Grace Reidhead,Ivan and Mae Brewer, John and Thora Ballard, and Idell Solomon. this was thebeginning of the 20-30 Club.
the building was flooded in 1941and again in 1952, so again they worked hard and cleaned up mud and waterdamage.
in March 1985 the club elected AnnLewis and Lena Hatch as presidents. they served faithfully until their healthlet them no longer serve. Through the years members of the 20-30 Club tookturns serving as president, and organizing the programs and dinners.
Each member of the 20-30 Club hassigned his or her name on small pieces of wood of an old table that JoeBrimhall had repaired.
the Pioneer Museum was owned by TheChurch of Jesus Christ of Latter-day Saints, and in September 1987, TaylorStake President Pete Shumway presented a quit claim deed of the building to theclub, which partnered with the Taylor-Shumway Heritage Foundation and the Townof Taylor.
Carmen Shumway, a member of the club,remembers how quickly everyone came together to make the building into a museumin order to provide a secure place for the famous Jennings Drum.
in 1997, Leola Jennings, who hadpossession of the Jennings Drum, wanted it in a museum. she told Lenn Shumwaythat if Taylor didn’t have a museum and secure place for the drum, she wasgoing to give it to St. Johns.
it didn’t take much time for cluband heritage foundation members to organize the artifacts in the Relic Room,make curtains, paint and fix up the building in order to have a grand opening ofthe Taylor Pioneer Museum on July 5.
That one museum led to four moremuseums being opened in Taylor, thanks to hard work and many volunteer hours.
if you are interested in touringthe Pioneer Museum, located at 14 S. 400 East, you can make arrangementsthrough the Taylor Museum by calling 536-6649, or visit the Taylor Museum atMain and Center streets from 10 a.m. to 2 p.m. Monday through Saturday.
on Saturday, Sept. 4, all museumswill be open from 1 to 3 p.m., except the Taylor Museum, which will be openfrom 10 a.m. to 3 p.m.
<a href="http://www.azjournal.com/news/126/ARTICLE/6022/2010-09-01.htmltag:news.google.com,2005:cluster=http://www.azjournal.com/news/126/ARTICLE/6022/2010-09-01.htmlWed, 01 Sep 2010 21:23:42 GMT 00:00″>Taylor Pioneer Museum And 20-30 Club Share A History
Why Crude Oil Will Present Investors With a Golden Opportunity in 2009
Oil prices have fallen 70% since hitting a record $147.27 a barrel in July, which means in just five months, crude has given up all the price gains it made in the past four years.
After such a wrenching plunge, many analysts believe the outlook for the âblack goldâ remains bleak â and in the short term it certainly is. in the long run, however, dwindling supplies, resurgent demand, and a lack of investment will cause crude oil to double, triple, or even quintuple in price over the next few years.
In fact, the Paris-based International Energy Agency (IEA) â energy advisor to 28 industrialized nations â says oil will rise to $100 a barrel by 2015, as a result of a major âsupply crunch,â and will ultimately soar to $200 a barrel.
But before it does, prices are likely to sink even further, perhaps falling as low as $20 a barrel in the first quarter of the new Year.
Indeed, much of Wall Street expects oil prices to average about $50 a barrel in 2009. some of the firms and their specific forecasts include:
Deutsche Bank AG (DB, which says oil prices will average $47.50 for all of next year. Merrill Lynch & Co. inc. (MER), which predicts that prices will average $50 even. Moodyâs Investors Service (MCO) also says crude will average $50 a barrel in 2009, but says that average will increase to $55 a barrel for 2010. Goldman Sachs Group inc. (GS) is slightly more bearish, predicting that prices will average $45 for all of next year â after falling as low as $30 in the 2009 first quarter. (Itâs worth noting that Goldman â just five months ago â predicted oil prices would hit $200 a barrel in 2009).
But analysts also agree on something else: when the recessionary tide finally recedes, all of the factors that drove oil to its record high last summer will once again be exposed, and crude again will again soar to record highs.
“We may see prices drop lower â into the twenties, even â but thereâs a better-than-average chance that theyâll be back over $70 a barrel by the end of next year,â says Money Morning Investment Director Keith Fitz-Gerald. âThatâs where firms like Goldman and Merrill are getting all of these âmiddle-of-the road,â $50-a-barrel estimates. and itâs why investors who buy in through the first quarter could enjoy compelling returns at the end of the year.”
In the meantime, however, low oil prices are crimping investment in new capacity, a reality that will lead to much higher prices down the road.
Just ask the IEA.
IEA: Rising Demand + Lack of Investment = âSupply Crunchâ
According to widely respected energy advisor, global oil demand will slide 0.2%, or 200,000 barrels per day (bpd), this year, falling to an average of 85.8 million bpd. but the IEA also says that oil demand will advance by an annual average of 1.6% between 2006 and 2030.
The bottom line: regardless of any short-term pullback, daily demand will rise from the current level of 86 million barrels to 106 million barrels in 2030. in other words, daily demand in 2030 will be 23%.
To meet that demand, the agency estimates that the world needs $26.3 trillion in supply-side investments over the next 21 years.
China, India and other developing countries, alone, will need investments of $360 billion a year through 2030, the agency said.
About 7 million bpd of additional capacity needs to be added to the market by 2015. and right now â because of marketplace changes â the financial incentives to make that happen just donât exist.
Exploration costs have more than quadrupled since 2000, as oil producers have been forced to take on more complex projects, and the costs of both labor and materials have skyrocketed. at the same time, the steep drop in oil prices has put even more pressure on energy companies to curtail their investments rather than increase them.
Earlier this year, for instance, ConocoPhillips (COP) and Saudi Arabia Investment Co. (ARAMCO) were forced to postpone bidding on the construction of a 400,000 bpd export refinery at the Yanbu Industrial City.
“We see and hear about energy investments being delayed ⦠this is a major worry and could lead to a supply crunch and much higher oil prices than weâve seen before,” said Fatih Birol, the IEAâs chief economist.
The IEA predicts that, by 2015, a lack of investment and rising demand will create a “supply crunch” â that will once again send oil prices up into the triple digits.
âThere remains a real risk that under-investment will cause an oil supply crunch in that time frame,â the IEA said in an executive summary of its â2008 World Energy Outlook.â âThe gap between what is currently being built and what will be needed to keep pace with demand is set to widen sharply after 2010.â
The agency predicts that crude will average more than $100 a barrel from 2008 to 2015 and rise above $200 a barrel by 2030, as demand far outpaces supply.
âWhile the situation facing the world is critical, it is vital we keep our eye on the medium to long-term target of a sustainable energy future,” Nobuo Tanaka, the Paris-based agencyâs executive director, told reporters in London. “While market imbalances will feed instability, the era of cheap oil is over.”
While itâs probably true that the âera of cheap oilâ is in our rearview mirror, a new question has arisen: Just how high do oil prices go?
According to some analysts, the IEAâs target price of $200 a barrel is far too conservative.
The lack of exploration and development is certainly a problem. but a much bigger issue is the fact that output from the worldâs existing oil fields has sharply declined.
âThe future rate of decline in output from producing oilfields as they mature is the single most important determinant of the amount of new capacity that will need to be built globally to meet demand,â the IEA says.
And output from the worldâs oilfields is declining faster than previously thought.
In its â2007 World Energy Outlook,â the IEA estimated that output from the worldâs existing oilfields was declining by 3.7% a year. but in its latest report, published in November, the IEA revised that estimate to an annual decline of 6.7%. (The November report was based on the first major study of the worldâs 800 largest oil fields.)
Unfortunately, the IEA is behind the curve.
For nearly a decade, Matthew R. Simmons has said that the worldâs oil production was nearing â or already at â an âinflection point.â While his book “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” was scoffed at when it was originally published back in 2005, Simmons is now viewed as perhaps the preeminent expert on the so-called âpeak oilâ movement.
âLike most people who ignore conventional wisdom, he was scoffed at, ridiculed, and denied,” commodities guru Jim Rogers told Fortune magazine. “and now, of course, people are starting to say, âOh, well, I thought of that.â”
Simmons, chairman of the Houston-based investment bank Simmons & Co. International, poured through hundreds of technical documents submitted by Saudi oil geologists to the Society of Petroleum Engineers over the past 50 years.
âI finished reading the last paper on a Sunday afternoon,â Simmons told Fortune, âand I sat back and thought, âHoly crap, this is unbelievable. Iâve just discovered the biggest energy illusion ever in the world. Weâre in big trouble. Iâm going to write a book.â â
Much of the alleged Saudi Arabia subterfuge has to do with a complete lack of transparency with respect to the Organization of Petroleum Exporting Countries. After OPEC decided to base its production quotas on reserve figures in the 1980s, several of the cartelâs producers suddenly raised their levels of “proven reserves” by 40% or more.
Back in 1988, for instance, Saudi Arabia raised its proven-reserve figure from 170 billion barrels to about 260 billion barrels. that figure has remained more or less constant since then, despite the fact that billions of barrels of oil have been pumped out of the ground.
“Saudi Arabia has announced for 20 years in a row that they have 260 billion barrels of oil in reserve,” Rogers told Money Morning during an exclusive interview in Singapore recently. “Itâs astonishing. The figure never goes up and it never goes down. They have produced dozens of millions â billions â of dollars of oil in that period of time.
âEvery oil country in the world has declining reserves except Saudi Arabia,â Rogers said. âAnd I know that every oil company has declining reserves. so unless somebody discovers a lot of oil very quickly in very accessible areas, the surprise is going to be how high the price stays, and how high it goes.â
Simmons thinks oil prices could hit $300 a barrel â and could possibly even surge as high as $500 a barrel â during the next several years.
âBlack Goldâ Profit Plays
When it comes to investing, the oil sector poses some very clear risks, especially given the murky near-term outlook. However, there are a number of large-cap integrated oil companies that may offer some truly compelling values at current prices.
Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are currently trading at multi-year lows, making them exceptionally cheap in both relative and absolute terms. these companies also have strong balance sheets (Exxon is âAAAâ- rated and has more cash on its balance sheet than debt), generate strong cash flows, and have traditionally increased their dividends on a regular basis.
Chevron was actually recommended as a âBuyâ by Money Morning Contributing Editor Horacio Marquez in his âBuy, Sell or Holdâ column earlier this year.
âChevron is the kind of company that is capable of continuing to post large profits – propelling its share higher from current levels â even if oil-and-gas prices were to drop from current levels over the next three years,â Marquez said. âThatâs because Chevronâs business is well cushioned, since refining, marketing and chemicals margins would expand dramatically if market âspotâ prices were to decline. also, the companyâs production is poised to expand strongly and Chevron uses some selective hedging that works very well in downside oil markets.â
Offshore drillers, particularly those capable of drilling in the deepest waters, also offer value at current levels. Petroleo Brasileiro (PBR), also known as Petrobras, is particularly appealing, as it recently discovered one of the largest offshore oil fields on earth off the coast of Rio de Janeiro. known as Carioca, the field could hold 33 billion barrels of oil and gas, making the worldâs largest discovery in at least 32 years.
Fitz-Gerald, the Money Morning investment director, suggests investors look at China National Offshore Oil Corporation, or CNOOC Ltd. (ADR: CEO). The Hong Kong-based company recently got approval for a $29 billion exploration project in the South China Sea. The company expects to produce 50 million tons of oil equivalent per year from that region during the next 10-20 years. that would equal the production of Chinaâs biggest project, the Daqing Oil Field.
Petrobras and CNOOC are also attractive because, as foreign companies, they will also get a boost from any devaluation in the U.S. dollar.
All of these companies have been hit hard by the combination of commodity-price weakness and credit market turmoil. but these operators do not require peak-cycle commodity prices to generate stellar results and have little or no credit-market exposure.
For a more direct play on oil prices, you might also try an exchange-traded fund (ETF), such as the United States Oil Fund LP (USO), the iPath S&P GSCI Crude Oil Total Return Fund (OIL), or the United States Gasoline Fund LP (UGA).
[Editorâs Note: As the whipsaw trading patterns energy investors have endured this year have shown, the ongoing financial crisis has changed the investment game forever. Uncertainty is now the norm and that new reality alone has created a whole set of new rules that will help determine who profits and who loses. Investors who ignore this âNew Realityâ will struggle, and will find their financial forays to be frustrating and unrewarding. but investors who embrace this change will not only survive â they will thrive.
Money Morning Investment Director Keith Fitz-Gerald has already isolated these new rules and has unlocked the key to what he refers to as âThe Golden Age of Wealth Creation.â but Fitz-Gerald brings more than a realization â and an understanding â to the table, here. After a decade of work, heâs also developed a new computerized trading model based on a mathematical concept known as âfractals.â this system allows him to predict price movements of broad indexes, or individual stocks, with a high degree of certainty. and itâs particularly well suited to the kind of market weâre all facing right now. Check out our latest report on these new rules, and this new market environment.]
To read more click Here
Jason Simpkins is Associate Editor of Money Morning
Why Crude Oil Will Present Investors With a Golden Opportunity in 2009
Local wheat suppliers to fill Russian void
Reuters
Exporters have cancelled major contracts of drought-hit Black Sea wheat to Bangladesh, signalling the need for Asian millers to scramble for supplies from other key growers like Australia.
Russia banned grain exports on Thursday last week as the worst drought on record ravaged crops across the Black Sea region, boosting the Chicago Board of Trade front-month wheat contract up 66 per cent from a low of $US4.25 in June.
Chicago wheat futures fell nearly three per cent on Monday, extending their losses to around 10 per cent in two sessions, but traders say the the impact of the Russian ban has not been fully felt and the market faces wide swings in prices.
"We see more deals being cancelled as nothing can be done about it," said one Singapore-based trading manager. "People have no choice but to go for Australian wheat as the US is still more expensive due to higher freight costs."
Australian cash prices firm
Other Asian buyers signed deals for supplies of Black Sea wheat at around $US200-$US240 a tonne in May and June, including cost and freight (C&F). but prices have climbed to $US270-$US290 a tonne and concern is growing on commitments already made.
Traders have estimated up to one million tonnes of wheat cargoes to Asia could be affected by Russia’s decision to ban grain exports.
Mills in Bangladesh, Thailand, Vietnam, Malaysia and Indonesia use cheaper Black Sea wheat and blend it with higher quality US and Australian grains. Feed millers have also been snapping up cargoes of feed quality wheat from Ukraine this year.
Australian cash wheat prices have strengthening in last few weeks on prospects of buyers seeking more supplies.
Australian prime wheat is quoted around $US320 to $US340 a tonne, C&F to Southeast Asia, compared with $US280 to $US300 a few weeks ago.
"We’ve also got some of the north Asian buyers coming into the market this week for their routine tender programmes," said Tom Puddy, head of grain trading at Western Australian grain firm CBH Group.
"We are expecting about 100,000 tonnes going to north Asia from Australia this week."
Chicago Board of Trade wheat for September delivery dropped 2.7 per cent to $US7.06 a bushel by 1843 AEST, adding to the 7.6 per cent fall on Friday.
Influential US investor Jim Rogers, who appeared in Reuters forums, said he was bullish on agricultural commodities.
"I expect agriculture to continue to do well for several years, no matter what happens to the world," he said.
"the Russian drought itself will not lead to a food crisis, but we are going to have other similar problems because agriculture has been so depressed for three decades."
Russia’s wheat crop may fall to as low as 43 million tonnes this year from 61.7 million tonnes in 2009 after a severe drought has destroyed many grain producing regions, leading agricultural analysts SovEcon said on Monday.
Australia, which is expected to produce a bumper crop at the end of this year, is also facing a threat of dry weather in Western Australia.
Dry weather is prompting analysts to cut estimates for the 2009/10 wheat harvest in Western Australia, the top grain exporting state with a 40 per cent share, adding to global concerns about lower supplies.
Any guide for indian stock market for dummies/ complete beginners/ who needs to learn ABC of stock market?
I do not know anything about stock market.I need to learn from scratch as in HOW, when, what, WHY, where. What do the terms used in the this market mean. As in the indices, Points, The percentage shown in news channels. I am just 24 years old so you can imagine. Helpful Links will be appriciated or some pdfs will be appriciated too. thanks in advance.
yes plz contact gautam_d07@gmail.com

