Cotton futures rose for the third straight session on speculation that adverse sowing conditions may curb output in the U.S., the world’s biggest exporter. Sugar and coffee also gained. Orange juice and cocoa slid.
Federal Reserve Bank of St. Louis President James Bullard said central bank stimulus has been ramped up this year with the decision to increase outright bond purchases to $85 billion a month and that a growing balance sheet could be complicated to unwind.
Like many people in Mississippi, Kevin and Nanine Parker have felt the sting of a strong recession and a weak recovery. Now, no longer able to make ends meet, they’ve reluctantly applied for food stamps.
Last month, Hawaii lawmakers killed a proposed tax that would have added 17 cents to a single-serve bottle of soda. It was the second failed attempt, even though Governor Neil Abercrombie had pushed the proposed levy.