CME To Push Ahead With Higher Corn Trading Limits

The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by

Weather Concerns Drive Markets

Canola futures on the ICE Canada trading platform continued their upward trek during the week ended July 15 with weather concerns and a pickup in demand assisting the price gains. Some of the weather concerns were linked to the Canadian Prairies and differing opinions on the condition of the canola crop in each of the


No Future For Pork Belly Futures

Chicago’s iconic pork belly market has closed after 50 years of being the subject of jokes for movies and TV shows and satisfying Americans’ hunger for bacon-lettuce-tomato sandwiches. The Chicago Mercantile Exchange shut down the frozen pork belly futures market at the end of business on Friday, July 15. The closing had been expected. Trading



Ethanol Producer Adding Cheap Wheat To Corn

The Andersons Inc., a major U.S. ethanol producer, has started mixing wheat into its corn-based biofuel in a move to lower costs and diversify its sourcing amid increasingly tight corn supplies. Andersons, which operates three U.S. ethanol plants with total capacity of 300 million gallons, has started using soft red winter wheat along with corn.

Canola Drops On Fund Profit-Taking

ICE Futures Canada canola contracts dropped sharply during the week ended June 24, hitting their lowest levels in over a month as a broad-based fund sell-off weighed on prices. An unexpectedly bearish Statistics Canada acreage report also accounted for some of the selling, although most participants were downplaying the large StatsCan acreage number, given the





Market Volatility More Critical Than Rising Food Prices: CFA President

Don’t blame farmers for rising food prices, says the leader of Canada’s largest farm group. Farmers are only price-takers and have little influence over how market forces influence commodity prices, said Ron Bonnett, Canadian Federation of Agriculture president. The real issue isn’t high consumer prices so much as it is volatility in the marketplace, he