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Monday, February 16, 2009
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Monday, February 16, 2009
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Saturday, February 14, 2009
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Friday, February 13, 2009
The final version of the $787.2 billion economic-stimulus plan was approved Friday afternoon by the House, and was headed for likely passage in the Senate later in the evening.
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Friday, February 13, 2009
MORE NEWS
- Wyndham Swings To Large Loss On Goodwill Charge
- Bombardier Confirms Plane It Made Crashed Near Buffalo
- Air Canada Swings To Hefty Loss, To Reduce Capacity
- Air France-KLM Swings To Quarterly Loss
- 49 People Dead As Plane Crashes Near Buffalo: Reports
- Toyota to Cut Hours, Offer Buyouts to US Workers
- Toyota To Cut North America Production, Offer Buyouts
- Airline Stocks Rise With Major Carriers Leading The Way
- Toyota Workers Seeking Pay Raise Despite Losses: Report
- BorgWarner Swings To Fourth-quarter Loss
Blog List
PRESS RELEASES
- Colgan Air Publishes Partial Name List of Passengers on Flight 3407
- Teamsters Union Local 1150 Ratifies New 5-year Contract with Sikorsky
- FAA and AAR Landing Gear Services Enter Into Consent Order That Terminates FAA Emergency Suspension
- Goodyear Hosts High School Interns as Part of Racing and Diversity Program
- Aerojet Celebrates Delta II Launch Vehicle's 20th Anniversary
- Magna International Inc. - Notice of Conference Call for Fourth Quarter and Year End 2008 Results
- Standard & Poor's Announces Changes to U.S. Indices
- SmarTrend(R) Market Wrap-Up -- February 12, 2009
- Sino-Global Announces Results for Second Fiscal Quarter 2009
- Moog Acquires Video Surveillance Manufacturer
FOX Translator
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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.