Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

Tag Archives: futures

EL NINO FEARS HEAT UP AGRICULTURE FUTURES

The El Nino weather phenomenon is starting to push up prices for agricultural commodities as its impact spreads through key grow-growing regions in Asia and beyond. Government forecasters in the U.S. and Australia have in recent weeks warned that El Nino could be the severest in nearly two decades, as reported by Wall Street Journal.

Posted in Agriculture News | Also tagged , , | Comments closed

RIVER UPDATE

CME Group on Thursday lifted Illinois River terminal ‘force majeure’ for corn and soybean futures deliveries.

Posted in Agriculture News | Also tagged , , , , , , | Comments closed

WEATHER RALLY

Grain markets ripped higher Friday with our persistent and excessive wet weather pattern driving the shorts out of the markets.  For the week, corn has gained 32 cents, wheat 66 and beans 47.  

Posted in Agriculture News | Also tagged , , , , , , | Comments closed

CLOSING THE PITS

The closure of the grain/livestock pits next month is fast approaching. Crain’s Chicago Business has put together a multi-media article from numerous floor traders on the history of futures trading in Chicago.

Posted in Agriculture News | Also tagged , , , | Comments closed

TRADING CHANGES

CME Group announced Tuesday that the exchange will offer an extended grain and oilseed Globex futures daily close from 1:15 pm CT to 1:20 pm CT and expects to be implemented on July 6th,  2015. The CME Group last February announced the July 2015 closing of most futures pits in Chicago and New York.

Posted in Agriculture News | Also tagged , , , , | Comments closed

2015 COMMODITY CHALLENGE

Illinois Farm Bureau has partnered with GROWMARK, AgriVisor & CME Group and invites members to join our free online marketing simulation. Deadline is March 15.

Posted in Agriculture News | Also tagged , , , , , | Comments closed

TRADING HOURS

Traders says CME Group will probably maintain current settlement times for commodity futures even after pit trading is halted for those contracts in New York and Chicago later this summer.

Posted in Agriculture News | Also tagged , | Comments closed

PIT TRADING ENDS

CME Group announced last evening that traditional pit trading of grains and livestock in Chicago will go all-electronic on July 2. Only 1% of the trading in Chicago was going through the pits, the remainder already on e-trade.

Posted in Agriculture News | Also tagged , , , | Comments closed

CME CUTBACKS

Group said today it will reduce the company’s global workforce this week by roughly 5 percent or about 150 positions. The majority of eliminations will come from technology, with the balance of positions coming from corporate and administrative functions.  

Posted in Agriculture News | Also tagged , , | Comments closed

NEW LIVESTOCK HOURS

CME Group is reducing electronic trading hours for livestock futures later this month.  Beginning Oct. 27, e-trading of livestock futures will end at 4 p.m. CT.  The change was made after surveying members of the livestock industry.  

Posted in Agriculture News | Also tagged , | Comments closed