Saturday, March 28, 2015
ACCORDING TO A REPORT I RECEIVED, UK, FRANCE, GERMANY, Australia, S Korea and other countries have agreed to join Asia Infrastructure Investment Bank. (China's World Bank.) Over US objections. Japan holding out. Asia/Pacific region demands ~$750B/yr infra investment/yr. Money with strings. World Bank started that after Bretton Woods in '44. Renimbi to rival dollar up our road. We call it competition .... Cobalt. Maybe next market opportunity. Most comes from Congo, Zambia. Tesla uses it in its batts for driving range. Formation Metals (TSX:FCO) a pure play .... Corn, soybean prices at 10-yr lows. Coming off 5-yr profit party. Iowa farmland hit avg $8.7K/acre in '11 from $1.8K in '00. 23% drop in net farm income in '14. Est. 30% more in '15. Corn now $3.80/bush. $8.49 all time high in '12. US livestock growing. They eat corn. China ended ban on GMO corn. More soy planting, less corn.
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