Monday, April 27, 2009

BBVA Commodities Observatory & "Heavy Metal"

BBVA with a short summary of main weekly events in commodities markets:
Commodities prices displayed mixed results last week. Oil and base metal prices were in great part driven by the mood of financial markets. Agricultural prices, on the other hand, remained more reactive to fundamentals. The Food and Agriculture Organization (FAO) announced that world cereals production should fall 3.1% this year.
Less food during the crisis? Or green fuels go bust?
Fans of "heavy metal" may try to seek the "sound of music" here.

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