Week 5: Cool Sources of Information

I started reading the Wall Street Journal this week. They had an article on declining corn and wheat prices that explained the relationship between supply and demand forces at the different price levels in layman’s terms. Many of the sources I had been reading previously would present useful information, but which was laden with technical jargon that I didn’t fully understand.  Their page on “Market Data Centre” also offers some neat features. If you click on their “Commodities and Futures” tab (http://online.wsj.com/mdc/public/page/mdc_commodities.html?mod=mdc_topnav_2_3000). Beside the prices and changes of the various commodities, the website allows you to see a chart of the price (over days, weeks, months or years) of one commodity and compare this to the price trend of another commodity on the same chart. I had been looking for something like this so I am glad to have finally found it.

The wall street journal article also led me to look up one of the trading analysts they cited. Four Seasons Commodities Corporation is a commodity trading advisor firm owned by Steve DeCook. On their website, I found monthly trading reports (released in the middle of every month). They basically provided a summary of the information I had been gathering from other news sources over the last few weeks. Reading some of these also helped me understand the supply and demand forces at work at different points in the market. To see these reports, go to http://www.fourseasonscommodities.com/.