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Lead and soybeans poised to rise as most commodities fall and global equities tumble

Diversification is key to allocating your risk when investing.  If you’re in equities and commodities (precious and non-precious metals, energy or agriculture) you have probably seen your portfolio take a serious in the past few weeks.

Two commodities however, seem poised to buck this trend, as Bloomberg reports in these two separate pieces on lead and soybeans.

You can click the article titles or the links below the excerpts posted here to read each respective report in its entirety.

 

Lead Shortage Looms in ’13 on Record Demand for Batteries - Bloomberg

Lead is poised to rally after erasing this year’s gains with the market returning to shortages following a five-year glut as miners fail to keep pace with record demand for batteries.

Stockpiles monitored by the London Metal Exchange dropped 7.6 percent from the all-time high reached in October. Demand will exceed supply by 150,000 metric tons next year, equal to about six months of U.S. mine production, Macquarie Group Ltd. estimates. Prices will average $2,273 a ton in the fourth quarter, 13 percent more than now, according to the median of 18 analyst estimates compiled by Bloomberg.

Click here to access the full article direct from Bloomberg

 

Soybeans Rise From Six-Week Low as Biggest Growers’ Exports Gain - Bloomberg

Soybeans rebounded from a six-week low as export sales from the U.S. and Brazil climbed, draining supply in the world’s two largest growers.

The amount of soybeans inspected for U.S. export almost doubled in the week to May 10 to 20.3 million bushels from the prior seven days, the Department of Agriculture said yesterday. In Brazil, growers had sold 83 percent of the harvest as of May 11, up from 63 percent a year ago, according to researcher Celeres.

Click here to access the full article direct from Bloomberg

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Double standards – The US in the Americas vs the US in ASEAN

Article written by Bennett A. Reiss Iberico

Author, creator, web master, and manager of ChinaSouthAmerica.com

With all the news coverage of the recent Summit of the Americas in Cartagena, Colombia focusing on the CIA’s love of prostitutes it’s a tragedy the issues of the summit aren’t being covered – namely how every nation in the Western Hemisphere, except for the US and Canada expressed their desire to invite Cuba to the summit which the US/ Canada would hear nothing of. Both emphasizing that in order to participate in the summit, or any regional club within the “Americas,” a country must be a Democracy.

Consider this in the context of how the US acts and willingly desires to participate in ASEAN summits of SE Asian nations. All this talk from the Obama Administration and Republican Candidates about the strategic importance of Asia/ the Pacific on the surface makes it an easy story to sell by the media. ASEAN is a club of nations with extreme strategic importance for the US in Asia, and a means in which to protect US interests in the region and check China’s rising influence.

Let me remind the world (readers of this article/ website), ASEAN includes countries such as:

Vietnam – A Communist Country
Laos – A Communist Country
Cambodia – An Absolute Monarchy (arguably in transition to a Constitutional Monarchy or Democracy)
Brunei – An Absolute Monarchy

So it’s okay to talk, trade, forge geo-political and military ties with nations in this group in ASIA… but when we talk about the “Americas,” (North and South America), the same standards don’t apply? Why do we listen, give attention and forge ties with these nations mentioned above that are not “Democracies,” and thereafter shut the door on Cuba? Perhaps it has something to do with the wealthy Cuban Lobbyists’ in Miami…

Food for thought, although unfortunately it is a topic no major media outlet around the world feels is worthy to address, question and bring to people’s attention.

~ Bennett A. Reiss Iberico

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Reuters on China – Mexico Relations

Reuters – Mexico hails “new relationship” with China over trade

* Mexico aims for more balanced, sustainable trade

* China provides Mexico with 15 percent of its imports

* Less than 2 percent of Mexico’s exports go to China

By David Alire Garcia

PUERTO VALLARTA, Mexico, April 20 (Reuters) – Mexico said on Friday it had reached an accord with China aimed at promoting fairer bilateral commerce and announced joint business deals and investment worth some $560 million.

Mexico’s Economy Ministry said the agreement with Beijing would stop “unfair Chinese practices” in shoemaking, one of the main industries in Mexico to complain that China is flooding it with cheap imports.

The two signed business deals worth $300 million and agreed on new investments worth $260 million, the ministry said. It did not provide further details.

Click here to read the complete article direct from Reuters

 

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UPDATE: Arg/ Spain/ China Drama: Argentina pushes on with YPF expropriation

The saga continues. Read more by clicking the link below to access the full story direct from Reuters

(Reuters) – Argentine lawmakers took their first step toward nationalizing the country’s No. 1 oil company on Wednesday when a Senate committee agreed on the outline of a bill to put YPF under state control.

President Cristina Fernandez unveiled plans on Monday to seize a 51 percent controlling stake in YPF from Spain’s Repsol (REP.MC), sparking a chorus of condemnation from Madrid to Washington. Trade partners, already disgruntled by protectionist measures adopted by Buenos Aires, warned the move could hobble private investment in Latin America’s No. 3 economy.

Click here to read the article in its entirety direct from Reuters

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FT reports Argentina swoop scuppers China oil deal

To respect the high quality journalism produced by the Financial Times I will honor their request not to copy and paste their content.

However click here to read about the soap opera that has become Sinopec of China’s attempt to buy 57% of Repsol of Spain, stake in Argentina’s oil company YPF (Yacimientos Petrolíferos Fiscales) before it was nationalized by Buenos Aires.

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Para todos los hablantes de la gran lengua española

January 30, 2012 North America, United States Comments Off

Para todos los hablantes de la gran lengua española con raíces que se remontan más allá del idioma Inglés, que el teatro de pan en el mismo nivel de Inglés hizo, una edad de oro de la literatura española, que hemos ganado varios premios noble de nuestras poetas y novelistas, etc .. Denouce este racista, ignorante, gordo marshmello de mierda – NEWT GINGRICH.

Pasa, retweet, etc — esta publication a todos sus amigos y socios por el mundo de hablantes de espanol para podemos aprovechar el fuerzo de social networking. El gol — que en algunos semanas tenemos latinos no solo por los eeuu pero por todo latinoamerica que sepan que racista que es este huevon en realidad.

http://newsone.com/nation/associatedpress3/newt-gingrich-called-spanish-language-of-living-in-the-ghetto/?fb_ref=post

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NYT: Latin America Looks at West’s Fiscal Crises, and Sees Its Own Past

RIO DE JANEIRO — Sometimes it comes in the form of a news dispatch, like the item from Milan explaining how Italians fret about “the spread,” a term used to refer to the gap between their high borrowing costs and the lower interest rates for Germany.

The angst has included protests in Spain, images of rioters in London or the police using pepper spray to disperse demonstrators in California.

And, of course, there is the steady drip of reports focusing on default fears in Greece.

For many months now, Latin Americans have been monitoring the constant drumbeat of crises in developed countries with bewilderment, irony and, yes, even a bit of schadenfreude. To them, Europe and the United States are displaying problems once associated with their region, which, not long ago, was a perennial champion in financial crises and bailouts.

Click here to read the full article from the NYT.com

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Rare question and answer Xinhua Exclusive on China- Latam relations

Thank you Xinhua News. Please click here to access the article from Xinhua News.

 

China to deepen ties with Latin-America
2012-01-17 17:26     chinadaily.com.cn

Yang Wanming, director-general of the the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, exchanged views with chinanews.com readers online on Tuesday afternoon.

 

China to deepen ties with Latin-America

Yang Wanming, director-generalof the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, answers questions from chinanews.com readers online on Jan 17, 2012. [Photo/Chinanews.com]

 

Topic: China-Latin America cooperation in culture

Q: How do China and Latin America cooperate in the field of culture?

A: China has opened 32 Confucius institutes in Latin America, covering almost all Latin American countries. Both sides also send art troupes to visit one another and conduct people-to-people exchanges. Many Chinese people like their football, music and dances and engage in studying Spanish and Portuguese. Many Chinese books have also been translated into Spanish and sold in Latin America.

Topic: Cooperation in energy

Q: What’s the current situation with Sino-Latin American energy cooperation? Some people think China is plundering energy resources there and uses it as a way to curb the US.

A: China is trying to carry out comprehensive cooperation with Latin American countries and its efforts have been well welcomed by them. The cooperation not only benefits the two parties, but also contributes to global peace, stability and prosperity. It started late and is on a relatively small scale, but has been developing fast. China imported 20.73 million tons of crude oil from Latin American countries in 2010, which accounts for 8.7 percent of China’s total import in that year. Venezuela has become China’s 4th largest oil provider. The two parties will explore cooperation on new energy. It’s totally based on equality and mutual benefit and will do no harm to the third party.

Topic: US view on China-Latin America relationship

Q: The relationship between China and Latin American countries has developed so fast. What do you think of the feeling in the US to this?

A: In recent years, the independence of Latin American countries is growing and its economic growth momentum becomes more diverse than before.

The rapid development of China-Latin America relations is on the basis of mutual benefit and win-win for both sides and is within the needs of Latin American countries’ diversified diplomacy and development strategy.

It will not only benefit development of both, but also contribute to the world’s stability and development.

China and the US have already established a consultation mechanism on Latin-America, and through four different consultations, the two parties have enhanced their mutual trust on this issue.

And the US has repeatedly stressed in their consultations that strengthening relations between China and Latin American countries will be good for Latin-America’s stability and development.

Topic: Chinese workers kidnapped in Colombia

Q: It was reported that several Chinese employees were kidnapped in Colombia by unidentified armed militants. How are they now? Could you release some information about the rescue efforts?

A: Four Chinese workers were kidnapped by some unknown armed militants in Caquetá province in Colombia on June 8, 2011. We have urged the Colombia authority to spare no effort to carry on the rescue work under the premise of guaranteeing the safety of hostages. Since then, the Chinese embassy in Colombia has kept in close cooperation and contact with Colombia’s relevant departments. The rescue work has not finished yet, but the safety of the four hostages can be guaranteed. Chinese companies are facing more risks as they go global on a larger scale. We need to increase our political backup and diplomatic guarantee to them, strengthen the consular protection and safeguard their legitimate interests. Meanwhile we advise Chinese people in Latin America to improve their sense of safety and precaution.

Q: How about China-Mexico relations?

A: China and Mexico are both developing countries and are working at enhancing people’s living standards. They hold the same positions on many international issues and regularly cooperate on these..

China and Mexico have some trade friction over trade imbalance problems, but we hope both sides can deal with the problems reasonably and from a development point of view.

We hope both can take active measures to promote the diverse, comprehensive and healthy development of the two countries’ economic and trade relations.

February 14 marks the 40th anniversary of diplomatic relations between China and Mexico. We believe the relations can become more comprehensive, steadier and healthier with the two countries’ joint efforts in the future.

Q: Can you talk about the relationship between China and Brazil?

A: Brazil is one of the biggest countries in Latin America and one of the emerging powers in the region. The China-Brazil relationship is one of the most important between China and Latin America.

In recent years, the strategic partnership between China and Brazil has made considerable progress. They maintain a good momentum of high-level exchanges and the political mutual trust is deepened.

Their economical cooperation is also deepening constantly, which has brought tangible benefits to people of both countries. Bilateral trade volume exceeded $80 billion in 2011. Investment cooperation in finance, energy, steel, and machine manufacturing has also made great progress, and is expanding constantly.

China and Brazil have active exchanges in science, technology and culture as well.

The cooperation in the fields of Earth resource satellites, agricultural technology and aviation is progressing continuously. And the cooperation in culture and education is also very close.

China’s Confucius Institute Headquarters opened two Confucius Institutes and a Confucius school in Brazil and Brazil’s important media institutions have sent many journalists to work in China.

China and Brazil are both developing countries and have broad and consistent interests on major international issues. The Chinese government attaches great importance to relations with Brazil and believes the two countries’ cooperation in various fields will make great progress with their joint efforts.

 

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South Park – The Last of the Meheecans

Img: Courtesy of Comedy Central (Viacom)

 

Reality? No… but no less entertaining and ripe with “subtle messages.”  I also recall reading in roughly late Aug/ early Sept a headline scroll on the bottom of Boomberg TV — “Mexicans buy back Texas, flock to real estate markets as housing prices drop and the Mexican Peso continues to appreciates.”

If you like satire mixed with crude, over-top humor about current events… particularly US Domestic Immigration Policy and the state of the US Economy, definitely check out this link to the latest episode of South Park.

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