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CME Warns Traders To Trade For Real

The CME Group, parent of the Chicago Board of Trade, warned on Jan. 12 it would punish traders who try to manipulate opening prices in Chicago by entering and then cancelling orders early on its Globex electronic trading platform. “Market participants are reminded that all orders entered on Globex during the pre-opening are expected to
News

Grains Boom With Hot Money

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Low U. S. interest rates and the weak dollar are drawing more hot money into grain markets despite the weight of mammoth crops, setting up a potential repeat of last year’s boom and bust in that market. As index funds and other big investors pour cash into futures at the Chicago Board of Trade (CBOT),
News, Oilseeds

Grain Volatility To Stay High In 2010

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Prices of agricultural commodities will remain volatile in 2010 due to supply constraints, volatile shipping costs and a constant demand pull from new demand sources like biofuels, North American Export Grain Association president and CEO Gary Martin said Nov. 3. “In the last three years, volatility in this industry has increased and it’s likely to
Cereals, Crops

Distillers Grain Set To Ride Ethanol Coattails

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Demand for distill-ers grain, a byproduct of distilling corn into ethanol, will continue to grow domestically and abroad as livestock producers turn to the feed as a cheaper alternative to corn, analysts said. And with the ethanol industry gearing up for a better year in 2010 after the financial crisis of 2008 triggered by corn
Cereals, Crops, News

U. S. Farmers Seen Cutting Back On Wheat Planting

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Many U. S. farmers are likely to abandon plans to plant winter wheat this year due to wet weather delaying seeding, relatively low prices and abundant supplies around the globe, analysts and agronomists said. Chicago Board of Trade wheat futures have risen 21 per cent during the past month, hitting a four-month high on Thursday,
Cereals, Crops

Oat Crop Late But Catching Up

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The oat harvest in Canada’s top-producing region of central Saskatchewan is far behind normal progress but farmers are catching up fast with nearly ideal early-autumn weather. Crop development and harvest are two to three weeks late in the area, said Grant McLean, the cropping management specialist for the government of the western province. Hot weather
Cereals, Crops

CWB Exploits Deregulation Down Under

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The Canadian Wheat Board (CWB) has taken advantage of Australia’s trouble exporting wheat following deregulation of its wheat industry, according to Rick Steinke, the CWB’s director of logistics. The Australian Wheat Board (AWB) lost its wheat export monopoly June 1, 2008 following the “oil-for-food” scandal. While the Australian government accredited 21 companies to export wheat,
Opinion

Policy Shifts Can Be Penny-Wise But Dollar Foolish

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The 1996 Farm Bill’s elimination of the grain storage program, coupled with the elimination of an acreage management program, increased the cost to taxpayers for farm programs by an average of $5.7 billion a year. During the debate over the 1996 Farm Bill, the proponents for eliminating a government stock program argued that the traditional
News

Slow U. S. Planting Could Tighten Corn Stocks Forecast

Planting delays in key areas of the U. S. corn belt this spring could lead to tight supplies of corn during the next year, forcing prices higher and further threatening profit margins at ethanol plants and livestock companies. The slow pace of corn planting east of the Mississippi River, including major production states such as
Cereals, News

CBOT Says It Is Still The Global Benchmark

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Chicago Board of Trade, the world’s largest grain exchange, has no fear of its wheat contract being challenged as the global benchmark for prices by an upstart from Australia, a senior official told Reuters. Australia’s stock exchange operator, ASX Ltd., plans for its Hard wheat export futures contract to begin trading in May, opening up

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