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Person notes that while corn prices went from about $3 a bushel in mid-summer to more than $4 a bushel, wheat prices doubled from about $5 a bushel at the end of 2006 to $10 a bushel currently. The rise in crude oil was another standout story in 2007, but what received less press was the lack of an in-kind gasoline-price hike, specifically on reformulated fuel. In addition to the traditional supporting features for precious metals, such as safe-haven buying and, in the case of platinum, supply deficits, the growing appetite for commodities as an investment class lifted prices. Dan Raab, managing director of AIG Financial Products, says that a big factor in commodities’ gains in 2007 was the number of new vehicles available to trade them. read more

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Light, sweet crude for February delivery fell 62 cents to settle at $96 a barrel on the New York Mercantile Exchange. Gasoline futures have been pushed to new records in recent days, in part by the Goldman Sachs Commodity Index's plan to boost its gasoline futures holdings next month. Meanwhile, concerns about supply disruptions from the oil-rich Middle East have been fueled by Turkish attacks on Kurdish forces in northern Iraq and by Thursday's assassination of Pakistani opposition leader Benazir Bhutto. Meanwhile, several observers have raised concerns about Thursday's Energy Information Administration oil inventory report that showed inventories fell sharply last week. read more

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TORONTO (Reuters) – The Canadian dollar rode a wave of positive sentiment to close higher against the U. Canadian bond prices dipped in thin trading as investors squared positions ahead of the holidays. With many traders, mutual fund managers, and corporate executives already off for the holidays, the markets were very thin, and any moves that were made were exaggerated, said Matthew Strauss, senior currency strategist at RBC Capital Markets. A rally in the equities markets appears to have boosted risk appetite in the forex market, as investors moved back into the carry trade. Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more

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Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? Credit Suisse said its initial read is that the probability of success is low and will likely have a ‘de minimis’ impact on its CME thesis given the company’s deeply entrenched liquidity pools, technology advantage and efficiency of its clearing system, as well as futures market structure. The firm said at least three attempts have been initiated over the past five years to attract market share of interest rate products away from the CME; Eurex US was the most successful at one point, controlling roughly 7% of Treasury futures. In prior competitive situations, overall industry volumes increase as traders arbitrage the products against each other,’ Goldman Sachs concluded. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more

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Select Region Albany Anchorage Atlanta Augusta Austin Baltimore Billings Birmingham Bismarck Boise Boston Charleston Charlotte Cheyenne Chicago Cincinnati Cleveland Columbia Columbus Concord Dallas Dayton Denver Des Moines Detroit Hampton Roads Hartford Honolulu Houston Indianapolis Jackson Jacksonville Kansas City Las Vegas Little Rock Los Angeles Louisville Memphis Milwaukee Minneapolis Montpelier Nashville New Orleans New York Newark Oklahoma City Omaha Orange County Orlando Philadelphia Phoenix Pittsburgh Portland Potomac Providence Richmond Sacramento Salt Lake City San Antonio San Francisco San Jose Seattle Sioux Falls South Florida St. If more than 5% of the Fund’s outstanding shares are tendered in the offer, the Fund will purchase shares from tendering shareholders (including odd lot shareholders) on a pro rata basis. Neither the Offer to Repurchase shares will be made to, nor will tenders pursuant to the Offer to Repurchase be accepted from or on behalf of, holders of shares in any jurisdiction in which making or accepting the Offer to Repurchase would violate that jurisdiction’s laws. There is a one time public offering and once issued, shares of closed end funds are sold in the open market through a stock exchange Shares of closed-end funds frequently trade at a discount to net asset value. This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares. read more

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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here . read more

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