Features and News

Pork Bellies and Corn, Anyone?

Think commodities and you think of things like oil, gold and copper. But smart traders are looking to the farm for home-grown returns.

  • Corn: The new gold?
  • Blowing in the winds.
  • New ETF access.

HAIJanuary 19, 2007

Features and News

ICE-BOT: What the latest merger means for investors

ICE-BOT? NYCE? NYCE-BOT?

Whatever acronym they choose, the pending merger between the Intercontinental Exchange (ICE) and the New York Board of Trade (NYBOT) will transform the commodities trading landscape.

  • Will it mean lower costs for traders? Or higher?
  • Will they shutter the NYBOT trading floor?
  • How will NYMEX respond?

HAIJanuary 02, 2007

Features and News

Courting Disaster? Amaranth And ICE Limits

The spectacular collapse of Amaranth Advisors has regulators asking: should over-the-counter markets like the Intercontinental Exchange (ICE) enforce position limits?

  • ICE and NYMEX: Different regimes.
  • So soon forgotten?
  • The Boxer factor

HAIJanuary 02, 2007

Features and News

Tail Wag The Dog?

Is it me, or is it getting crowded in here? Has the birth of a broad class of commodities investors started to dictate prices in the pits?

  • Your friend Ted
  • ETFs spur growth
  • How big is big?

HAIJanuary 02, 2007

Features and News

Meddling In Metals

A deal is a deal. Unless, of course, you change the terms at the last minute.

HAI takes an in-depth look at the LME's intervention in the nickel markets this summer.

  • Was it fair?
  • Was it necessary?
  • Will it happen again?

HAIJanuary 02, 2007

Features and News

Super-Cycle?

Bubble or boom? That is the question.

Is the recent run-up in commodities prices an investment-led bubble? Or is Jim Rogers right: are we really on the leading edge of a decade-plus supercycle?

  • Two very vocal camps
  • End of a good run...
  • ... or middle of a super-cycle

HAIJanuary 02, 2007

Features and News

The Tragedy Of Correlation

Pick a bucket, any bucket. Because which bucket is meaning less and less every day.

The glorious negative correlation between commodities and stocks has been slowly slipping away.

  • Correlation turns positive.
  • Hiccup or sea change?
  • Pricking the bubble.

HAIJanuary 02, 2007

Features and News

Dancing The Contango

Contango is such a nice-sounding word.

Do you contango?

Of course, it’s lovely.

But contango is anything but nice for futures investors; lately, it’s been destroying returns.

  • Contango-driven losses in 2006
  • The roll yield turns oil sour
  • The index effect meets the commodities market?

HAIJanuary 02, 2007