CME Group buys Kansas City exchange, heading off rival ICE

Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile

Crops briefs March 8

Record U.S. corn crop to cool red-hot prices washington / reuters U.S. farmers will harvest a record corn crop this year, which will rebuild stockpiles and bring down prices, a University of Missouri think-tank projected in a report March 5 that came in 2.5 per cent lower than the most recent U.S. government projections. The


Spillover Buying Drives Up Prices

REUTERS / U.S. December cattle futures sprinted to their highest ever for a spot month Nov. 4, in response to strong cash cattle prices and broader market advances driven by Greece debt resolution optimism. Cash cattle and outside markets ran higher, so you re bound to get some spillover buying across the board on the

EU Meltdown Takes Down Global MF

The Chicago Mercantile Exchange and ICE Futures Canada said Oct. 31 that customers of broker-dealer MF Global were limited to liquidating their positions. The exchange, which owns the Chicago Board of Trade, said it would no longer recognize MF Global, which filed for Chapter 11 as a guarantor for floor trading. The company filed for