ICE delists feed wheat

Having reviewed its alternatives, ICE Futures Canada has delisted its feed wheat contract effective Oct. 16, the last delivery day of the October 2008 contract. The Winnipeg commodity exchange pulled its December 2008 and subsequent feed wheat futures contract months from trading in May, pending a review by a feed wheat subcommittee of its board

Funds see food staple prices weathering storm

Agricultural commodity prices are likely to fall in the short term as investment funds exit the market but should recover eventually in line with their fundamentals, fund managers told a conference Oct. 7. Asked what impact the financial crisis would have on staple food commodities such as sugar, wheat and coffee, Chris Armitage, managing director


V-Tops cap rallies

V-Tops are one of the most difficult chart patterns to analyze because of the suddenness in which they form. A V-Top indicates a trend reversal, with dynamic and substantial price drops often occurring with the formation of this pattern. V-Tops have three essential components: 1) Prices must be in an uptrend, with a near vertical

Changes sought to CBOT wheat contract

Big global grain buyers have told U. S. regulators that the Chicago Board of Trade needs to improve on a plan to narrow a gap between wheat futures and cash prices that has hurt their ability to hedge big price swings. Major grain companies that questioned the CBOT plan included Cargill Inc. and Bunge Ltd.