Tuesday, April 01, 2008
Back by overwhelming popular demand, once again, it's that time of the year - time for another contest! It's time to "Guess the mid-year price of ... azuki beans and canola"??
Welcome to the fourth semi-annual contest where readers can win a free one-year subscription to the companion investment website Iacono Research - not by guessing the mid-year price of boring old oil and gold - but by guessing the mid-year price of two of the hottest agricultural commodities today - azuki beans and canola
Now that oil has reached $100 a barrel and gold has surpassed $1,000 an ounce, it's time for a change of pace. The last three contests have been fun, but, who really cares about oil and gold anymore?
For those of who you aren't familiar with these products, Wikipedia has all the details:
Azuki beans (also spelled adzuki or aduki) are an annual vine widely grown throughout East Asia and the Himalayas. They have a uniform red color, but white, black, gray and variously mottled varieties are also known (scientists presume Vigna angularis var. nipponensis is the progenitor.) It was cultivated in China, Korea, and other parts of Asia before 1000 BC and was later taken to Japan, where it is now the second most popular legume after the soybean.
Canola (originally derived from "Canadian oil, low acid" in 1978) is a type of edible oil initially bred in Canada by Keith Downey and Baldur Stefansson in the 1970s. It is a trademarked quality description of a group of cultivars of rapeseed variants from which low erucic acid rapeseed oil and low glucosinolate meal are obtained.
Pretty exciting, eh?
Entries may be made either by posting them in the comments section of this post or sending mail to either tim-at-iaconoresearch.com or tliacono-at-yahoo.com. All entries must be received no later than April 11th, ten days from today.
The winner will be announced on June 30th - good luck to all!