Commodities prices are surging. World white sugar prices reached record levels on Aug. 10, largely because of booming demand in India where the government has lifted a ban on imports.

Tired of reacting to rumors!  Aussie dollar continues to rally…  More on China…  Bank of England keeps rates unchanged… And Now… Today’s Pfennig!

China’s President Hu Jintao just concluded on a victorious trip Havana on Tuesday – expanding a trade pact that could divert commodities from open spot markets.

OK, I’ve finally found the bright side to corn-based ethanol: The rising price of corn might drive a stake into the heart of a major cause of obesity in the United States.