commodities prices

Spike in Orange Juice Prices? It's Pulp Fiction

Orange juice drinkers can relax. Fears of a spike in the price of the breakfast favorite appear overblown. The specter was raised of a January OJ shortage in the U.S., which could have translated into sharply higher prices on store shelves. But there should be plenty of oranges, and juice, to go around.

Coffee Price Hikes Make Starbucks Stock Look Costly

Starbucks is hiking the price of its packaged coffee by 17% to compensate for a steep increase in Arabica coffee prices. Customers habituated to Starbucks coffee might keep splurging on its products, but Trefis analysts believe the passing on of its costs will affect Starbucks' top line.

America's Low Interest Rates Have a High Hidden Price

Interest rates are the price of money, and though that price is near zero right now, the cost of low interest rates to our nation may be too high. Low rates are squeezing savers, seniors, banks and pension funds, and the benefits we're supposed to see from them don't appear to have arrived.

Dry Weather to Limit U.S. Cotton Production

Dry conditions may limit cotton production in the United States, the world%u2019s largest exporter of the crop, next season. Farmers will abandon more fields as dry weather compounds already below-normal moisture in growing areas from Texas to Alabama, John Flanagan, the president of Flanagan Trading Corp, told Bloomberg News.

As the Dollar Sinks, Prices of Essentials Soar

Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. And that in turn is pushing prices of commodities that Americans need -- such as instance food, cotton and oil -- ever higher. And that hurts companies as well as consumers.

Gold Prices Reach New High Above $1,300 an Ounce

Gold continued its record-breaking climb, reaching a new high above $1,300 an ounce. Gold for December hit $1,300 an ounce on Globex, then slipped to $1,299.40 an ounce, a 0.2% increase from Thursday%u2019s closing price, according to MarketWatch.

General Mills Reports Quarterly EPS of 64 Cents

General Mills (GIS) reported adjusted diluted earnings for the quarter of 64 cents per share, matching the results form a year earlier. Net sales grew 1% to $3.53 billion in the first fiscal quarter ended Aug. 29, the company said in a statement. The cost of goods sold included a $72 million increase in mark-to-market value of commodity positions.

Get Ready to Pay More for Tires

Tires are getting more expensive across the world. Goodyear Tire & Rubber Co. (GTR) and Cooper Tire & Rubber Co., (CTB) the two largest U.S. tiremakers, plan to raise prices by as much as 6.5% starting October, according to Bloomberg News. In Europe, Bridgestone (BRDCY) is upping its prices by about 6%.

European Wheat Prices Remain High on Russia Concerns

Wheat prices in Europe lingered above 220 euros a ton on concerns related to Russia%u2019s drought. November milling wheat fell 0.50 euros, or 0.22% to 223 euros a ton at 5:41 am EDT on Euronext, Reuters reported. Prices rose almost 7% in the previous session.