Wheat rose for a second day on forecasts for declining global production caused by adverse weather in Russia and the European Union and on strong demand for grain from the U.S., the world’s largest exporter.
World output will total 644 million metric tons in the marketing year that ends in June, the International Grains Council said yesterday. That’s down 1.1 percent from a prior estimate. Exporters sold 3.8 million tons from U.S. inventories in the past three weeks, the most for a similar period in almost three years, government data show.
“The wheat market is still about the Russian rhetoric,” said Tom Leffler, the owner of Leffler Commodities LLC in Augusta, Kansas. “It’s not gotten better over there but it’s not worse. The wheat market is like a car race. We go to a car race to see a crash. We’re watching the wheat market to see a crash. What’s the next bullish move that’s going to appear?”
Wheat futures for December delivery rose 11 cents, or 1.6 percent, to $6.995 a bushel at 10:27 a.m. on the Chicago Board of Trade.
Before today, the price gained 43 percent since the end of June on concerns that global production would decline because of drought in Russia and dry weather followed by flooding in parts of Germany. The grain has dropped 1.8 percent this week, heading for a third straight weekly decline.
Wheat is the fourth-biggest U.S. crop, valued at $10.6 billion in 2009, behind corn, soybeans and hay, government data show
Saturday, August 28, 2010
Bank Of America Online
Bank of America Corp. says its online banking service was down for about four hours but service has been restored.
A representative for the nation's largest bank, Tara Burke, declined to specify a reason for Friday's outage except to say that it was a "temporary system" issue.
She could not say whether the site has experienced a similar across-the-board outage before.
The bank, based in Charlotte, N.C., said service was restored at around 5:15 p.m. EDT. The outage began at around 1:25 p.m. EDT. Some customers may still have trouble signing on because of the volume of people trying to access the site.
Customers can also get account information from ATMs or banking centers. Burke said none of Bank of America's 18,000 ATMs were affected by the outage.
She could not say whether the site has experienced a similar across-the-board outage before.
The bank, based in Charlotte, N.C., said service was restored at around 5:15 p.m. EDT. The outage began at around 1:25 p.m. EDT. Some customers may still have trouble signing on because of the volume of people trying to access the site.
Customers can also get account information from ATMs or banking centers. Burke said none of Bank of America's 18,000 ATMs were affected by the outage.
World s Most Dangerous Ride Facebook
Every few days a new Facebook scheme pops up. Usually the creator will make a website Like Dangerousrides.info, and than dangle some sort of crazy incentive out there for viewers to catch their eye on. Visitors then must jump through hoops in order to supposedly see this crazy image, video, etc. In this case, the incentive of the scheme is that the site will show the worlds most dangerous ride. First though, you must “like” the page on Facebook, share it with your friends on your Facebook wall, and then do a survey to supposedly prove you are a human.
What most visitor don’t understand is that the survey that supposedly proves you are human is earning the website owner money each time it is filled out. By completing the survey you are providing your email to a company, giving them the right to email you various ads. The worlds most dangerous ride scheme is just one of thousands of these types of sites set up to use the power of social networking to make the owners money, and in the process tricking thousands of people. Facebook will likely shut the site down within several hours, however more sites like it will continue to pop up.
What most visitor don’t understand is that the survey that supposedly proves you are human is earning the website owner money each time it is filled out. By completing the survey you are providing your email to a company, giving them the right to email you various ads. The worlds most dangerous ride scheme is just one of thousands of these types of sites set up to use the power of social networking to make the owners money, and in the process tricking thousands of people. Facebook will likely shut the site down within several hours, however more sites like it will continue to pop up.
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