U.S. weather scares funds out of their shorts

U.S. weather scares funds out of their shorts

Hot and dry conditions throughout much of the U.S. are causing supply concerns

Speculators have turned bullish across all three Chicago and Minneapolis wheat contracts for the first time in over two years. Funds are also buying back gobs of corn and soybean contracts after being record or near-record short in recent weeks. Crops in the United States are extremely sensitive to weather at this time of year.

Oilseeds see sharp gains despite bearish reports

Oilseeds see sharp gains despite bearish reports

Traders are already second-guessing StatsCan on acres

ICE Futures Canada canola contracts climbed higher over the course of the week ended June 30, hitting their best levels in months, despite large North American oilseed acres confirmed by Statistics Canada and the U.S. Department of Agriculture. Record Canadian canola seedings and a six-million-acre increase in U.S. soybean area would typically be bearish for


Funds all-time record short across CBOT grains, oilseeds

Speculators hit a milestone in the Chicago grains and oilseeds market in late April, as they have reached a new level of bearishness across all seven grains and oilseeds futures and options contracts. Combining corn, hard and soft red winter wheat, hard red spring wheat, soybeans, soybean oil and soybean meal, hedge funds and other

StatsCan canola and soybean estimates surprise traders

StatsCan canola and soybean estimates surprise traders

Abundant U.S. and world supplies continue to depress the wheat market

ICE Futures Canada canola strengthened on the week, as wet weather in Western Canada continues to put last year’s harvest on hiatus. Fresh data from Statistics Canada painted a picture of this summer’s seeding, adding an element of spreading into the market. In the week ending Friday, April 21, canola gained more than C$20 per


Big data and agriculture markets: Part 3

Big data and agriculture markets: Part 3

Options-based strategies can help get more out of a chaotic market filled with randomness and unpredictability

The previous article in this three-part series addressed some of the main myths and misperceptions of commodity hedging. This final segment looks at some practical solutions for improving farm marketing and commodity revenue protection. In David Orrell’s book Apollo’s Arrow: The Science of Prediction and the Future of Everything, he writes about the unpredictability and



(CMEGroup.com)

CME Group to close most open-outcry futures trading pits

Chicago | Reuters — CME Group will shutter most of its open-outcry futures pits by July 2, the world’s largest futures market operator said Wednesday, bringing down the curtain on a once-raucous tradition that has been in decline since the rise of computerized trading. The decision ousts traders of products ranging from grain and livestock