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Wild Weather Helped Make Niche Commodities Big Winners in 2019

(Bloomberg) — The trade war, wild weather and angry farmers all generated major headlines in 2019 on corn and soybeans. But thinly traded niche commodities posted the most impressive gains for the year.Rice, vegetable oils and lumber all posted price increases of at least 25%. The reason: Crazy climate conditions were magnified in smaller markets where there’s often less certainty over the supply cushion. Lower trading volumes can also make for exaggerated price moves.Here are some of the little markets that saw large gains:Rice and OatsExcessively wet field conditions hampered U.S. planting and harvesting of rice, soybeans, corn and spring …read more […]

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Carlos Ghosn's Drama Is Much Better Than Netflix

(Bloomberg Opinion) — The shock arrest and defenestration in 2018 of Carlos Ghosn, a jet-setting polyglot who bestrode the car industry for decades as head of the Renault-Nissan alliance, always had a cinematic quality to it: There was his detention in Japan shortly after disembarking from a private aicraft; the allegations (strenuously denied by Ghosn) of undeclared income and misappropriated funds; the grim conditions in which he was held and monitored by Japanese prosecutors; and the speculation that his downfall was really a ploy to prevent him bringing about a deeper union between Nissan and Renault that Tokyo didn’t want.But …read more […]

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Asia’s Richest Man Unveils Online Store in Challenge to Amazon

(Bloomberg) — Reliance Industries Ltd. started testing its online shopping portal, moving a step closer to billionaire Mukesh Ambani’s goal of setting up a digital platform to take on e-commerce giant Amazon.com Inc. in India.JioMart, open to select customers who pre-register, promises more than 50,000 grocery products, free home delivery and a return policy that asks no questions. Labeled ‘the nation’s new store,’ it is currently available in only three neighborhoods surrounding Mumbai, according to the website.The pilot site provides an early glimpse of how the energy-and-petrochemicals conglomerate controlled by Asia’s richest man is stepping up consumer offerings in a …read more […]