CPM: Commodity and Product Report (Day 712)
Addy Lawrence
Week Ending Day 712
Congratulations eCanada, you are whole again!!! A special thanks to eUSA, much appreciated.
Commodities
Grain inventories are way up (6,090 v 3,310 v 3,213 v 1,294), quality is down (1.91 v 1.93 v 1.44 v 1.56), and price is down ($0.45 v $0.54 v $0.50 v $0.66). The increase in inventory has put a lot of competitive pressure on price, thus the large drop. One unit of grain is required for one unit of food, there are about 5,000 citizens in eCanada, that is a whole day's inventory on the market that is NOT in food company inventory. All manufacturing companies maintain an inventory as well. This market is oversupplied and I highly recommend that an export initiative begin here and to stay well enough away from this business segment should you be considering starting a business.
Diamond inventories are up (2.715 v 2,480 v 2,339 v 2,163), quality is down (2.58 v 2.66 v 2.91 v 3.32), and price is down ($0.68 v $0.77 v $1.62 v $1.95). The drop in price is consistent with the drop in quality and the increase in inventory. Maintaining wellness is time of peace will increase demand in the gift and diamond sectors.
Iron inventories are up (2.670 v 2,429 v 2,581 v 5,457), quality is down, (2.36 v 2.59 v 1.92 v 2.92), and price is down ($0.95 v $1.15 v $0.68 v $1.12). The decline in quality has impacted price as has the advent of peace. Iron and weapons will be hit hard over the coming days, with or without training wars.
Oil inventories are down (3,524 v 4,496 v 5,400 v 5,885), quality is down (2.20 v 2.28 v 2.18 v 2.15) and price is relatively flat ($0.54 v $0.52 v $0.51 v $0.52). Oil is a balanced industry right now. Inventory, in RL and in eRep, is a sign of waste. Declining inventories are a sign of efficiency taking root in oil segment.
Wood inventories are down (4,648 v 5,754 v 6,330 v 4,444), quality is flat (1.85 v 1.84 v 2.13 v 1.9
😎and price is down ($0.46 v $0.50 v $0.55 v $0.55). Infrastructure projects and home building continue to drive wood inventories down, competition and contracts have kept prices low. It is quite impressive to see how consistent prices and quality have been in this market over the past three weeks. Without question, government contracts keep it this way.
Products
Food inventories are down (4,473 v 5,438 v 4,670 v 4,553), quality is down (2.97 v 3.07 v 3.01 v 2.84) and price is down ($3.24 v $3.34 v $3.38 v $3.71). Food is a necessity and it is exciting to see how competitive this industry gets each week. Inventories have come down, a good sign, and the drop in price is larger than the drop in quality, a sign of increased competitiveness.
Gift inventories are down (782 v 1,292 v 1,037 v 693), quality is down (1.23 v 2.09 v 1.80 v 2.05) and prices are down ($1.76 v $4.84 v $3.63 v $4.43). The big drop in price is tied to the decline in quality however the price drop is proportionately greater than the drop in quality. This industry is also amid quite a bit of competition.
Weapon inventories are up (3,647 v 2,305 v 2,100 v 1,925), quality is down (1.80 v 1.97 v 1.64 v 1.84) and prices are down ($9.52 v $11.81 v $9.01 v $10.00). Increased inventories are a sign of waste and the growth in weapon inventories embody the waste of war implements in a time of peace; its going to get worse. Quality is down largely because of the value in buying higher Q weapons with depressed prices, the lower Q are left on the marekt. The price drop to $9.52 is out of survival for the GM's, there are many weapons out the market below $4. If you are in the business of war, ask yourself "Where is the next front?"
Ticket inventories are down (567 v 749 v 673 v 590), quality is flat (1.00 v 1.01 v 1.00 v 1.00) and price is up ($10.67 v $10.00 v $11.41 v $10.47). Amazing consistency in quality in this segment, and realtive steadiness in price, a solid segment.
House inventories are up (27 v 18 v 11 v 14), quality is down (2.22 v 2.50 v 2.64 v 2.00), and prices are down ($466.50 v $569.30 v $629.13 v $493.60). The drop in quality explains the movement in price. The increase in inventory also shows some waste in the system and puts downward pressure on price.
There are no hospitals in inventory.
There is one defence system in inventory, a Q1 @ $1,925.05, marked down from last week's price of $2,999.70 although I can't confirm if its the same company or not.
Who's your daddy? Addy's your daddy!!!
Comments
voh ted
Great job as usual
Voted - but I just wish I could get anywhere near $10.15 for a Q1 ticket. The only way you can make that work is by figuring in offers from long dead companies. Currently the low price in the market is $5.20 (and I can't see how they do it and make a profit - that is the idea behind business, making a profit right?).
Hmmm...it must be the higher quality moving ticket prices that have gone up because the Q1 offers had dropped from a little over 6CAD a week earlier to about 5CAD and are still falling. My guess is that this is partially because of the drop in higher quality oil being snapped up by Q1 companies. When you can buy Q1 oil for 35 cents as compared to Q3 oil at 57 cents, the choice of suppliers is going to be pretty obvious.