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Energy
Futures |
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Crude
Oil, Propane,
Natural
Gasoline,
Unleaded Gasoline, Heating
Oil/Diesel, Unleaded Gas,
Natural
Gas |
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Industrial
Metals Futures |
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Copper,
Aluminum,
Cadmium,
Chromium,
Cobalt,
Magnesium,
Manganese,
Mercury,
Nickel,
Zinc,
Tin,
Steel/Iron,
Lead
, Tungsten,
Titanium,
Vanadium,
Uranium,
Palladium
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Precious
Metals Futures |
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Gold,
Silver,
Platinum |
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Grains
Futures |
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Corn,
Canola,
Soybeans,
Soybean Meal, Sunflowerseed,
Soybean
Oil, Azuki
Beans, Palm
Oil, Wheat, Barley,
Oats,
Rice
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Meats
Futures |
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Live
Hogs, Live
Cattle, Pork
Bellies Feeder
cattle |
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Food/Fibre/Softs
Futures |
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Cocoa,
Coffee,
Milk,
Plastics,
Pepper,
Potatoes,
Paper,
Salt,
Sugar,
Silk,
Tobacco,
Tea,
Lumber,
Onions,
Wool,
Cotton,
Orange
Juice, Rubber |
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SILK FUTURES |
Silk is a fine, tough, elastic
fiber produced by caterpillars, commonly called silkworms.
Silk is one of the oldest known textile fibers. Chinese
tradition credits Lady Hsi-Ling-Shih, wife of the Emperor
Huang Ti, with the discovery of the silkworm
and the invention of the first silk reel. Dating to around
3000 BC, a group of ribbons, threads, and woven fragments
was found in China. Also found, along the lower Yangzi River,
were 7,000 year-old spinning tools, silk thread,
and fabric fragments.
Silk filament was first
woven into cloth in Ancient China. The Chinese successfully
guarded this secret until 300AD, when Japan, and later India,
learned the secret. In 550 AD, two Nestorian monks were
sent to China to steal mulberry seeds and silkworm eggs,
which they hid in their walking staffs, and then brought
back to Rome. By the 17th century, France was the
silk center of the West. Unfortunately, the silkworm
did not flourish in the English climate, nor has it ever
flourished in the US.
Sericulture is the term for the raising of
silkworms. More than 500 tiny eggs are laid by the blind,
flightless moth, Bombyx mori. After hatching, the tiny worms
eat chopped mulberry leaves continuously until they are
ready to spin their cocoons. After gathering the complete
cocoons, the first step in silk manufacturing
is to kill the insects inside the cocoons with heat. The
cocoons are then placed in boiling water to loosen the gummy
substance, sericin, holding the filament together. The filament
is unwound, and then rewound in a process called reeling.
Each cocoon’s silk filament is between 600 and 900
meters long. Four different types of silk thread may be
produced: organzine, crepe, tram, and thrown singles. During
the last 30 years, in spite of the use of man-made fibers,
world silk production has doubled.
Raw silk is traded on the Kansai Agricultural
Commodities Exchange (KANEX) in Japan. Dried cocoons are
traded on the Chuba Commodity Exchange (CCE). Raw silk and
dried cocoons are traded on the Yokohama Commodity Exchange.
Supply – World production of silk in
2000, the latest reporting year, rose +4.8% to 110,000 metric
tons, recovering to a 5-year high after hitting a trough
of 85,000 metric tons in 1997. China is the world’s
largest producer of silk by far with 69% of world production.
Other producers include India with 14.5% of world production,
and North Korea and Turkmenistan, each with 4.5% of world
production.
Trade – The world’s largest exporters
of silk are China with 45.0% of world exports, Hong Kong
with 3.2%, and North Korea with 2.8%. The world’s
largest importers of silk (1999) were Italy (with 15.3%
of world imports), Japan (11.7%), India (8.8%), and South
Korea (7.0%).
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Food/Fiber/Softs
Futures is also spread to:
|Cocoa|Coffee|Milk|Pepper|Potatoes|Plastics|
Paper|Salt|Sugar|Silk|Tobacco|Tea|Lumber|
Onions|Wool|Cotton|Orange
Juice|Rubber| |
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