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


Farmers warned of the perils of not having workers’ compensation coverage

Every non-family employee working on a farm must have WCB coverage — even those working 
for a custom operator or some other employer

The prospect of an employee suffering a serious injury or being killed on your farm is awful enough. But farm employers without Workers Compensation Board coverage would also face the prospect of a lawsuit in such a situation. That was the sobering message delivered to a recent farm safety meeting put on by Keystone Agricultural

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



Vitol plans grain market debut, hires Viterra traders

Reuters / Top oil trader Vitol is building a global grains desk and has taken advantage of Glencore’s takeover of Canadian grains giant Viterra to hire a team of its traders, trading sources said Feb. 20. Vitol, which has an annual turnover of nearly $300 billion, will vie for market share along with rival trading


U.S. budget cuts could affect trading contracts

chicago / reuters / Automatic U.S government spending cuts may affect some CME Group livestock and dairy contracts that depend on U.S. Agriculture Department grading and inspections, the exchange operator said Feb. 21. A spokesman for the CME did not say if the exchange would be forced to halt trading in some contracts due to

French bank suspends agricultural fund

Reuters / BNP Paribas, France’s No. 1 listed bank, has suspended a 160-million-euro ($214-million) agricultural commodities fund after international aid group Oxfam criticized French banks for speculating on food prices. “We are suspending subscriptions,” a spokeswoman for BNP said of its Parvest World Agriculture fund, explaining the move as part of the bank’s policy on