Gasoline futures swung midweek from an upward bias to a downward direction as record coronavirus cases hit several European countries and US states.
The decline in recreational travel and commuting to and from paints has reduced the demand for unleaded fuel and allowed costs to drop, materials have dropped dramatically, as reported by the US Department of Energy. Array Brazil, Spain and India are hot spots for COVID lately. while Texas, California and Wisconsin are experiencing an increase in infections. The total number of cases in the United States reached its highest point since mid-August.
At noon on Friday, gasoline futures fell about nine cents a gallon during the week.
Nobel prize awarded for auctions
Farmers, ranchers, investors and investors make profits and losses every day based on short- and long-term auctions. Auctions of livestock, land and apparatus are paramount to agribusinesses, while trade in stocks, bonds and monetary futures has an electronic auction that governs the foundations of our economy.
Drs. Paul Milgrom and Robert Wilson, two Californians, have been awarded the Nobel Prize in Economics for new auction models that can allocate public resources to products as varied as airport landing sites, electricity, online advertising and even protective surgical masks.
Compliance with your designs and recommendations allows auctions to run more efficiently. Together, the two academics earned more than $1,000,000 for their work.
Wheat takes the lead in the upward race
Corn, wheat and soybeans recovered to the fullest of the week thanks to China’s giant and stable purchases, namely beans.
To say that China can buy the maximum wheat in a quarter of a century stimulated the acquisition of many types of wheat, while the dry climate in our southern plains stoked this fire Russia, one of the world’s largest wheat exporters, experienced a record summer and a severe drought.
At noon Friday, Chicago’s wheat futures in December were trading at about $6. 30 a bushel, a six-year high.
Opinions are only those of writers. ” Walt
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