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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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TEA FUTURES |
Tea is the common name for
a family of mostly woody flowering plants. The tea family
contains about 600 species placed in 28 genera and they
are distributed throughout the tropical and subtropical
areas, with most species occurring in eastern Asia and South
America. The tea plant is native to Southeast
Asia. There are more than 3,000 varieties of tea, each with
its own distinct character, and each generally named for
the area in which it is grown. Tea has
been consumed in China since perhaps the 28th century BC
and certainly since the 10th century BC. In 2737 BC, the
Chinese Emperor Shen Nung, according to Chinese mythology,
was a scholar and herbalist. While his servant boiled drinking
water, a leaf from the wild tea tree he was sitting under
dropped into the water and Shen Nung decided to try the
brew. Today, half the world’s population drinks tea,
and tea is the world’s most popular
beverage next to water.
Tea is a healthful drink
and contains antioxidants, fluoride, niacin, folic acid,
and as much vitamin C as a lemon. The average 5 oz. cup
of brewed tea contains approximately 40 to 60 milligrams
of caffeine (compared to 80 to 115 mg in brewed coffee).
Decaffeinated tea has been available since the 1980s. Herbal
tea contains no true tea leaves but is actually brewed from
a collection of herbs and spices.
Tea grows mainly between the tropic of Cancer
and the tropic of Capricorn, requiring 40 to 50 inches of
rain per year and a temperature ideally between 50 to 86
degrees Fahrenheit. In order to rejuvenate the bush and
keep it at a convenient height for the pickers to access,
the bushes must be pruned every four to five years. A tea
bush can produce tea for 50 to 70 years, but after 50 years,
the yield is reduced.
The two key factors in determining different
varieties of tea are the production process
(the sorting, withering, rolling, fermentation, and drying
methods) and the growing conditions (the geographical region,
growing altitude, and soil type). Black tea, often referred
to as fully fermented tea, is produced by allowing picked
tea leaves to wither and ferment for up to 24 hours. After
fermenting, the leaves are fired, which stops oxidation.
Green tea, or unfermented tea, is produced by immediately
and completely drying the leaves and omitting the oxidization
process, thus allowing the tea to remain green in color.
Supply – World production of tea in
2001, the latest full reporting year, rose +1.5% to 2.991
million metric tons from 2.948 million metric tons in 2000.
The world’s largest producer of tea in 2001 was India
with 25.0% of world production, followed closely by China
with 24.1% of world production. Other key producers include
Sri Lanka (9.5%), Kenya (8.0%), Turkey (6.0%), and Indonesia
(5.6%).
Trade – US tea imports in 2002 fell
to 171,829 metric tons in 2002 from 172,829 metric tons
in 2001. The world’s largest tea importers in 2000
were Russia with 12.6% of total world imports, the United
Kingdom (12.4%), Pakistan (8.9%), and the US (7.0%). The
world’s largest exporters are Sri Lanka with 19.4%
of world exports in 2000, China (15.6%), Kenya (14.7%),
and India (13.6%).
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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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