NPR's Uri Berliner is taking $5,000 of his own savings and putting it to work. Though he's no financial whiz or guru, he's exploring different types of investments — alternatives that may fare better than staying in a savings account that's not keeping up with inflation.
My taste of the commodities market started with a headline I read a few weeks ago: Cooling Coffee Prices Hit A 3 1/2-Year Low.
I like coffee. Most people like coffee. That's not going to change. So maybe, just maybe, I could buy coffee low and sell high, not by hoarding sacks of actual coffee beans but with a bet on the futures price.
The futures market largely determines the price of the most basic commodities used in everyday life — oil, wheat, soybeans, corn, hogs, cattle, coffee and much more. Despite their significance, futures are a mystery to most people, including many investors and journalists. I caught up with Jack Scoville at the Price Futures Group in Chicago. He's a futures broker who analyzes the market for agricultural commodities, including coffee. He ticks off reasons why coffee prices have tumbled.
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