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FTSE/CoreCommodity CRB Index 1993–2012. The FTSE/CoreCommodity CRB Index (FTSE/CC CRB) is a commodity futures price index.It was first calculated by Commodity Research Bureau, Inc. in 1957 and made its inaugural appearance in the 1958 CRB Commodity Year Book.
Early in the 1970s grain and soybean prices, which had been relatively stable, "soared to levels that were unimaginable at the time". There were a number of factors affecting prices including the "surge in crude oil prices caused by the Arab Oil Embargo in October 1973 (U.S. inflation reached 11% in 1975)". [54]
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The Upjohn Company acquired Asgrow in 1968 in a stock swap. [2] In 1994, Mexico-based company, Empresas La Moderna SA purchased Asgrow for $300 million. At the time, Asgrow was the fifth-largest seed company with $270 million in sales. [2] [3] Monsanto purchased Asgrow from Empresas in 1996 for $240 million dollars. [4]
Get breaking Business News and the latest corporate happenings from AOL. ... -U.S. private equity firm Bain Capital is set to raise its offer price for Japan's Fuji Soft to 9,600 yen ($63.35) per ...
The Dow Jones industrial average opened about 500 points lower after stock markets in Asia, led by Japan, fell sharply overnight. European stocks dropped as well. The Dow ended modestly lower.
According to the Futures Industry Association, Dalian's soybean futures volume quickly became the second largest in the world. A cointegration relationship exists for Dalian Commodity Exchange and Chicago Board of Trade (CBOT) soybean futures prices. On September 22, 2004, DCE started trading corn futures.
Soybean oil is the primary source of biodiesel in the United States, accounting for 80% of domestic biodiesel production. [184] Soybeans have also been used since 2001 as fermenting stock in the manufacture of a brand of vodka. [185]