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Business

Futures File

Mayday: This is cocoa, we’re going down The mystery knock on cocoa’s door this past week did not leave a bouquet of flowers or candy. Cocoa prices have plummeted nearly 30% in just two weeks, topping out at almost $12,000 per ton back on April 19 for the most-active contract and falling to ...

City of Minot March building permits

– Gary Belgarde, Belgarde Concrete, 1926, 35th St. NW, single family home with attached garage, $170,000. – Ivi Carvalho, Belgarde Concrete, 2827 10th St. NW, single family residence, $177,000. – City of Minot, Craft Builders, 1025 31st St. SE, reframe office to enlarge existing ...

Futures File

Flour power: Wheat futures up Wheat futures were up across the board this week with a strong move that broke through several technical resistance levels. July KC Wheat futures were trading around $6.50 Friday morning, up 11% on the week. July Chicago Wheat futures were trading near $6.25 and ...

Futures File

Markets react to Middle East hubbub Iran and Israel traded missile/drone fire in the last week which could be the beginning of a more serious geopolitical issue with the effects reaching far beyond the Iron Dome, or it could just be another brick in the wall of Middle East scuffles that bring ...

Futures File

Interest rate daze Inflation numbers reported this past week showed the Consumer Price Index (CPI) was up 0.4% in March which was higher than expectations and higher than February’s pace putting the annual rate of inflation at 3.5% above last months reported 3.2%. Core (CPI) was up 0.4% as ...

Futures File

Gold bugs big day The front month gold future contract reached $2,300/oz this week — a new all-time high and a gain of 11% since the start of the year. To put things in perspective, if you pull up a monthly chart of gold you can see a steady climb in value from the early 2000s that ...