Earlier this week, CSX Corp. (NYSE: CSX) reported quarterly results that were more or less in line with estimates, but the mix of shipments was not what the railroader was used to. Coal shipments…
Steelmaker AK Steel Holdings Corp. (NYSE: AKS) reported quarterly earnings today and the results that were better than expected, but earnings per share (EPS) still came in negative. AK Steel joins both Nucor Inc.…
Agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) has bid $2.8 billion for Australian grain grower and marketer GrainCorp. According a press release from GrainCorp, the offer is a nonbinding offer at AUS$11.75 a…
Peabody Energy Corp. (NYSE: BTU) reported third-quarter results before markets opened this morning. The coal mining company posted adjusted diluted earnings per share (EPS) of $0.51 on revenues of $2.06 billion. In the same…
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported third-quarter results before markets opened this morning. The mining firm posted adjusted diluted earnings per share (EPS) of $0.86 on revenues of $4.42 billion. In the…
In August, weather forecasts for the coming winter suggested that the formation of an El Niño weather pattern was progressing nicely, which typically means slightly warmer and wetter weather for the United States. The…
The World Trade Organization (WTO) ruled today that the U.S. did not illegally dump a type of specialty steel into the Chinese market beginning in 2010. China imposed 19.5% tariffs on the “grain-oriented electrical…
Weak macroeconomic data drove central banks’ monetary policy during the third quarter, and those policies drove the world’s demand for gold, according to the latest report from the World Gold Council on gold investments.…
Spot prices for uranium hit a two-year low last week at $45.75 amid a pending decision over Japan’s nuclear future, excess uranium inventories and slowing growth in China. Japan is dragging its feet on…
The U.S. Department of Agriculture reported last night that the harvest of this year’s U.S. corn crop is 79% complete and the soybean harvest is 71% complete. These numbers are significantly higher than the…
In the first official comments since the revised merger agreement between Glencore International and Xstrata, the prime minister of Qatar has said, “e are looking in favor of doing something between the two companies,”…
Crop-nutrient maker Yongye International Inc. (NASDAQ: YONG) has announced that a consortium led by the company’s chairman and CEO has made a preliminary, nonbinding offer of $6.60 a share in cash to take the…
As natural gas prices rise along with a forecast for a colder winter in the U.S., U.S. coal stocks have benefited from a burst of enthusiasm since early October. Share prices have jumped as…
Gold Fields Ltd. (NYSE: GFI) is so far managing to buck the news as its shares are up slightly. The problem is that the news around its forward guidance is absolutely atrocious, if you…
The U.S. trade balance (what has really been the trade deficit for two decades or more) came in at -$44.2 billion, and that was virtually in line with the Bloomberg consensus reading of -$44.0…