CFTC allows CME to open early for crop reports

chicago / reuters / The Commodity Futures Trading Commission approved the Chicago Board of Trade’s plan to start open-outcry grain trading early on days the U.S. government issues major agricultural reports, a commission spokesman said June 11. CME Group, owner of the CBOT, told the CFTC it wanted to start pit trading at 7:20 a.m.

USDA asks markets when is the best time for data

washington/reuters / The government asked farmers, traders and futures exchanges June 7 for ideas on when it should release potentially market-moving agricultural reports, such as crop forecasts, now that commodity markets are open nearly all day. It could result in the first change in the U.S. Department of Agriculture reports in nearly two decades and


Fuzzy ending stocks picture supports canola values

Canola prices at the ICE Futures Canada trading platform closed the week ended June 8 on a firmer footing. Canola was underpinned by the need of domestic processors to cover nearby commitments and by the general strength displayed by the Chicago soybean complex. Growing concern about the tight global oilseed ending stocks picture, for this



A classic head and shoulders confirmed downturn

To those less familiar with charting and technical analysis, the recent drop in oat prices may have come as a bit of a surprise. What I have found in my 30 years’ experience, is that even though the oat futures market has a relatively small amount of open interest compared to actively traded commodities such

Ticket to unparalleled heartburn

Since you speak English as well as anyone, perhaps you understand the working paragraph of a May 19 Washington Post column that explains the trading strategy employed by JP Morgan Chase & Co. to, ah, hedge its market risk. It reads: “It is this exemption that would allow (JP Morgan executive, Ina) Drew and her