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Tag Archives: commodity

DEADLINE APPROACHING

 Winter wheat farmers face a Sept. 30 deadline to sign up for Supplemental Coverage Option insurance, a policy they should consider buying just to keep their options open for commodity programs. The 2015 Crop Insurance Decision Tool is now available for download from the FAST section of farmdoc.

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BASIS LEVELS

Basis levels for Central Illinois remain strong, as basis bids continue to fall in the Dakotas.  Marketing specialist Matt Bennett says Decatur-area bids for fall corn are running -30 to -35 below December corn futures. In southern North Dakota, corn basis is at least -80 cents below Dec. For soybeans, Decatur is running about 3… read more

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FALSE DEALINGS

A warehouse fraud at China’s third-largest port has forced banks and trading houses to consider new controls in the country’s massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.

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FLASH CRASH

If the computer crashes, halt pit trading, the National Grain and Feed Association told the CME last week.  On April 8, pit traders at the CBOT were swamped when computer trading was halted by a technical glitch. Such a change would require CFTC approval.

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