Investment Archives - Page 5 of 14 - Manitoba Co-operator

April live cattle futures post new contract low in first quarter of 2013

By David Drozd April 9, 2013

A drop of $13 per hwt is a classic example of the market topping out when the news is the most bullish

Live cattle prices have been under pressure since peaking in December amid bullish headlines and news that took prices to historic highs. Cattle and calves in the United States according to USDA estimates as of January 1, 2013 totalled 89.3 million head, which is two per cent below the 90.8-million figure recorded a year earlier.

Grain Markets, News

CME pares back grain trading hours

By Tom Polansek March 29, 2013

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

Cereals, Crops, Grain Markets

Exchanges duke it out over Canadian wheat futures market

By Phil Franz-Warkentin March 28, 2013

After decades of marketing wheat through the Canadian Wheat Board’s single desk, the western Canadian grain sector is still working out the best way to hedge the commodity seven months into the new open market. Representatives of the CME Group, Minneapolis Grain Exchange (MGEX), and ICE Futures Canada were all on hand at the annual

Crops, Grain Markets

CME expects volume to return in time

By Mark Weinraub March 28, 2013

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

Crops, Grain Markets, Livestock

Hedge funds get bullish on corn and natural gas

By Barani Krishnan March 25, 2013

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

Dairy cattle, Hogs, Livestock, News

U.S. budget cuts could affect trading contracts

February 28, 2013

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

Crops, News

French bank suspends agricultural fund

February 22, 2013

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

Grain Markets, News, Oilseeds, Opinion

Canola bounces off of support and resumes the uptrend

By David Drozd February 12, 2013

After dropping $90/tonne from the high of $657.50 in September, at the time of this writing, prices on the March 2013 canola futures contract have rallied $50/tonne since the USDA report was released on January 11, 2013. Thanks to phenomenal demand and improving basis levels, cash prices are back to the crop-year high ($14.50/bushel). For

News

Agrium doubling dividend under shareholder pressure

November 9, 2012

Reuters / Fertilizer maker and ag retailer Agrium said Oct. 22 it plans to double its annual dividend, marking its third increase to the payout in less than a year. The move, announced as the Calgary company completed a $900-million share buyback, comes amid pressure from its largest shareholder, Jana Partners LLC, which wants Agrium

News

CME Group buys Kansas City exchange, heading off rival ICE

By Ann Saphir, Carey Gillam October 26, 2012

Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile

Daily Network News

U.S. grains: Chicago grain prices fall amid profit-taking and dollar rebound

U.S. livestock: Cattle fall back as inventory hits 75-year low

Farm family income gains driven by off-farm earnings: StatCan

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