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CME surveys members on trade hours

The Chicago Board of Trade has launched a survey asking customers whether it should shorten the nearly non-stop electronic trading cycle for grains and hinted that executives had grown less concerned about competition from rival IntercontinentalExchange. The Board of Trade, which dominates agricultural trading with U.S. grain and oilseed futures and options contracts, in May […] Read more

Efforts continue to keep Mississippi River open

The drought-drained Mississippi River has enough water for barges to maintain shipments of billions of dollars’ worth of commodities, and the White House will consider “any option” to keep it open for commerce, U.S. Sen. Dick Durbin said on Jan. 7. Durbin, the No. 2 Democrat in the Senate, said the outlook for the nation’s […] Read more

USDA hears earful about corn estimates at annual meeting

Reuters / Top U.S. agriculture officials Monday were to face questions about quarterly estimates for corn inventories that have frustrated traders and roiled markets for the past two years. Traders said they would raise their concerns about supply estimates at the U.S. Department of Agriculture’s annual meeting in Chicago for users of agricultural data. The […] Read more