Tag: Agricultural Commodity Markets
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California man sentenced to seven years in $9 million cow-poop Ponzi scheme
[ad_1] It was all just a pile of manure. A California con artist has been sentenced to nearly seven years in prison for duping investors out of close to $9 million in a Ponzi scheme that claimed to be converting cow poop into green energy. Ray Brewer, 66, pleaded guilty earlier this year to running…
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Orange-juice futures are near a record. Sugar is at an 11-year high. And coffee is peaking too. What’s going on?
[ad_1] Some commodities that are grown rather than mined, known as “softs” to traders, have rallied so far this year, with sugar prices this week trading at their highest price in 11 years and orange-juice futures touching their highest prices on record. “Most of the softs sector fall under the category of ‘weather derivatives’,” as…