CPM: Commodity, Product and Labour Report (Day 684)

Day 685, 18:28 Published in Canada Canada by Addy Lawrence
Commodities

Grain inventories are down (2,144 v 3,319) and price is up ($0.53 v $0.47). Quality is flat (1.79 v 1.74). With no battles to jumpstart wellness, food, and by association grain, is in demand.


Diamond inventories are down (1,945 v 2,371) and price is relatively flat ($1.11 v $1.0😎, quality is flat (2.94 v 2.95). No insightful remark here.

Iron inventories are up (3,908 v 3,645) and price is down ($1.34 v $1.19). Quality is down (2.83 v 3.06). The presence of peace and a lack of battles has curbed demand for weapons and by association iron, leading to the increase in inventory and a drop in price as iron producers look to generate some volume amid the drop in demand.

Oil inventories are down (4,852 v 5,827) and price is relatively flat ($0.55 v $0.5😎. Quality is down (1.74 v 1.81). The moving ticket market is cyclical so oil is by association, there will be a run on tickets leading up to the congressional elections, until then, prices should remain flat.

Wood inventories are way up (7,195 v 3,451) and price is way down ($0.56 v $1.01). Quality is up (2.10 v 1.43). Two companies, Zenmania timber and Clockwork Lumber are really bringing down the price with offers in excess of 1,350 units below $0.30. This is the highest inventory recorded to date, the hospital project is really ramping up wood output. I don't know how sustainable this is.

Products

Food inventories are up (2,940 v 2,723) and price is up too ($3.32 v $2.84). Quality is up (2.09 v 1.87). With the absence of war, there is more pressure to maintain wellness through food, this has increase demand for higher quality, and higher priced, food.

Gift inventories are up (1,708 v 1,122) and prices are down ($3.17 v $4.76). Quality is down (1.68 v 1.8😎. I surmise that the absence of war has reduced the need to "gift" to create additional attacks which has reduced demand, translating into higher inventories and lower prices as manufacturers look to generate volume by lowering price.

Weapon inventories are up (1,936 v 1,829) and prices are down ($11.23 v $12.91). Quality is down (1.91 v 2.05). If you are like me, you took advantage of the low prices earlier in the week and stocked up on weapons. The return of war will bring a price increase.

Ticket inventories are up (554 v 327) and prices are down ($11.95 v $14.02). Quality is flat (1.01 v 1.00). Now is a good time to buy, prices will heat up toward the congressional election.

House inventories are up slightly (6 v 5) with prices up considerably ($758.85 v $277.24). The quality of the homes are up (2.67 v 1.60) which explains the bulk of the difference.

Hospital inventory is flat (1 v 1) and the price is down ($4,080 v $5,355). I know that Quebec is receiving a Q5 Hospital, this one isn't it, its a Romanian outfit trying to sell it.

There is no change in the idle Defence System market.

Labour



In the building trade, offers are up (46 v 41) as are wages (11.38 v 10.84). Building is consistently the highest paid trade however the consistency in work is tough as houses, hosptials and defence systems are not high volume markets.

In the gathering trade, offers are up (118 v 112) as are wages (9.43 v 6.89). The increase in wages is substantial and can be attributed to a shift in more higher skilled jobs. With the competitive pricing of commodities, companies need to be efficient and highly skilled gatherers are key to this.

In the producing trade, offers are down (109 v 84) and so are wages ($9.23 v $8.99). In my experience, producers are the most common type of work, each region in each company can have a manufacturing entity of any discipline. This is the first report where the producing trade was clearly in second place in offers and I think this is more of a testament to competitiveness in commodities.

Who's your daddy? Addy's your daddy!!!