Commodities

Commodity Market Insights

Prospects for a “mini” trade deal between the U.S. and China leading to further progress have lifted agricultural commodities, taken the wind out of gold and left energy markets unimpressed. Energy CRUDE OIL prices fell for the first time in… Read More ›

U.S. Agriculture

◊ U.S. Agriculture News — Stock Market News Today ◊ China is the fourth largest market for U.S. farm exports, behind Canada, Mexico and Japan. Former Iowa Lt. Gov. Patty Judge said the loss of a trading partner like China… Read More ›

Venezuela Seeks OPEC Support Against U.S. Sanctions Imposed On His Country’s Oil Industry

The request was made in a letter sent to OPEC Secretary-General Mohammad Barkindo. “Our country hopes to receive the solidarity and full support of the member countries of OPEC and its ministerial Conference, in the fight we are currently having against the illegal and arbitrary intrusion of the United States in the internal affairs of Venezuela,” Maduro wrote.

Major Global Powers Ordered To Stop Trading Oil And Gold Assets With The Venezuela

In a statement published Monday, 11 of the 14 members of the Lima Group called for a “peaceful transition through political and diplomatic means without the use of force.”

The group also underscored the need for an urgent delivery of humanitarian aid and insisted international governments “take measures to prevent the Maduro regime … from doing business in oil, gold and other assets.”

Venezuela Has 20 Tons of Gold Ready to Ship. On Monday, a plane belonging to Nordwind Airlines, a company based in Moscow, landed at the international airport near Caracas

Venezuela has been trying for years to increase its gold reserves by encouraging mining, putting the military in charge of vast territories that yield the precious metal.

With strongman President Nicolas Maduro losing control of the country’s already-scant finances and reserves thanks to U.S. sanctions, who can put his hands on the nation’s estimated 200 tons of gold at home and abroad has become a key question.