ICE Canada reverts to 1:15 close

ICE Futures Canada’s experiment with a later close has proved short lived, with the market reverting back to the traditional 1:15 p.m. CT close beginning April 8, 2013, the exchange announced in a notice to participants March 18. The canola, wheat, durum, and barley futures and options contracts on the Winnipeg-based market have been closing

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








Dock worker strike exposes weak link for Brazilian export powerhouse

The government wants to privatize 
158 ports to attract private investment, 
but workers fear a loss of jobs

Reuters / Dock workers shut down the movement of global commodities through Brazilian ports early Feb. 22 during a six-hour strike to protest the government’s plan to overhaul regulations and put more than 150 terminals in the hands of the private sector. The short-lived work stoppage provided a glimpse of what could turn out to

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