CME pares back grain trading hours

CME Group Inc. said March 5 that it plans to pare its nearly non-stop trading cycle for grains and oilseeds to 17-1/2 hours per session after traders complained a move to extend activity had hurt liquidity. CME, owner of the Chicago Board of Trade, sought to shorten the trading day less than a year after



CME expects volume to return in time

Reuters / CME Group’s plan to scale back its trading day for grain contracts will likely provide a boost to volume and liquidity, but traders said it will take time for investors to return to the market. “I think if they compress the hours again… it serves the needs of the customers who actually use


Hedge funds get bullish on corn and natural gas

Hedge funds and other big speculators raised their bullish bets on U.S. commodities for the first time in five weeks, piling mostly into natural gas and corn due to favourable supply-and-demand situations, trade data showed Mar. 15. Natural gas saw close to $2 billion worth of new net long contracts by the so-called money managers



Hard red winter futures trading set to expand

The CBOT has acquired the Kansas City exchange and will move trading of the benchmark contract to Chicago

The Kansas City Board of Trade’s lightly traded hard red winter wheat futures contract is positioned to become the new benchmark for U.S. wheat prices following a takeover by CME Group, traders said. The size of the U.S. hard red winter wheat crop is the best argument for why volumes for the futures contract that

U.S. crop insurance guarantees push big acres

Reuters / Crop insurance that guarantees prices for the 2013 growing season should encourage U.S. farmers to again plant a large number of acres, with soybeans possibly claiming ground from corn, analysts said. The U.S. Department of Agriculture’s Risk Management Agency set the guarantees March 1, which act as the “floor price” for crop insurance


Farmers locked in acres last fall with fertilizer applications

chicago / reuters / Recent declines in U.S. corn futures prices have failed to dent growers’ enthusiasm for planting the feed grain this spring, even though soybean prices have outperformed corn, farmers and analysts said. Crop insurance guarantees, money spent on fertilizer and recent rainy weather in key growing areas have cemented the acreage decisions