Business Insider spoke with Alexis Stenfors, author of "Barometer of Fear: An Insider's Account of Rouge Trading and the Greatest Banking Scandal in History",
about why he found trading big numbers boring and monotonous - likening the practice...
Warner Bros. could have a historic weekend at the box office.
The studio finally has a universally acclaimed movie for its still young DC Comics Extended Universe ("Batman v Superman: Dawn of Justice," "Suicide Squad") with "Wonder Woman,"...
Filed under: Lifestyle, Food, Recipes
Welcome to Best Bites, a twice-weekly video series that aims to satisfy your never-ending craving for food content through quick, beautiful videos for the at-home foodie. Check back on Tuesdays and...
U.S. regulators regard Herbalife Ltd. (NYSE: HLF) as a “multi-level marketing scheme,” but Bill Ackman is beyond euphemisms. To Ackman’s Pershing Square Holdings Ltd, the global nutrition company is a “pyramid scheme.”
And he’s so...
Filed under: Lifestyle, Food, Food & Drink
On those days when you can't pick fresh tomatoes and basil straight from your backyard garden (sorry, Ina), store-bought is the next best thing. Yes, sometimes you're craving a big, saucy dish of pasta...
Oops! Unable to complete your request. Please refresh your browser.
Tomatoes prices have followed in the footsteps of many other foodstock commodities such as wheat and corn for many of the same reasons: increasing prices for energy, farming chemicals, water, and labor have all contributed. A key trend driving the overall price hike for farmed commodities is the rise in corn production for ethanol; as farmers get paid higher prices for corn, many switch their land use to produce this energy feedstock, thus lowering the supply of other crops.
As a result, the price per ton of tomatoes has gone up from about $50 per ton from 2001-2005 to $63 per ton for the 2007 summer crop. 
H.J. Heinz Company (HNZ) sells 650 million bottles of ketchup a year and tomatoes are a key ingredient. Heinz's overall input costs--including corn syrup, another major ingredient--have been rising, and the company has not passed on the entire increased cost to consumers (i.e., Heinz's gross margins are shrinking)
Monsanto Company (MON) purchased the then-biggest seed company in the world for $1 billion in 2005. Semini controlled about 23% of worldwide tomato seed market in 2005. Since then, tomato seed costs have tripled, from $300 to $900 per 100,000 seeds. Monsanto benefits from the increased prices of almost all farmed commodities, as the company produces a range of farming related products, including seeds, fertilizer and agri-chemicals.
Deere & Company (DE) is another company that benefits from a rise all agricultural commodity prices. The company produces machines used in the agricultural business.