Bloomberg Ag & Ebergy Report and Opening Market Prices

Reported by: Matt Ernst
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Updated: 9/13/2013 10:01 am
There's an increased focus on all of the oil being produced from fracking. While, at the same time, there's also a ton of new oil producers looking to tap in the Gulf of Mexico. And it's the same reason; technology.

New seismic equipment and computer power is allowing explorers to see into once-invisible layers of rock. And engineering innovations let producers drill five miles into the earth through waters that are more than 10,000 feet deep. The U.S. estimates the Gulf has an undiscovered potential of 48 billion barrels of oil, compared to 13 billion for onshore and coastal oilfields.

Also growing by leaps and bounds, quinoa sales. Delicious, at least I'm among those who think so, and nutritious, but not yet mainstream. We're talking quinoa, which is a seed packed with protein and fiber. The United Nations calls 2013 "international year of quinoa" hoping to boost its popularity as a way of easing global hunger.

And while sales are surging, researcher NPD says only one percent of U.S. consumers eat quinoa during an average two-week period. And now there is focus on growing countries like Bolivia and Peru needing to improve infrastructure and financing so farmers can grow and sell more. Though the trend is raising prices and making quinoa more expensive for local consumers.

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