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Tag Archives: futures

WHEAT STORAGE

CME Group says four grain companies have asked to increase by 12.6 million bushels the amount of wheat allowable in storage for delivery against CME’s benchmark futures contract. The requests come as farmers wrap up the SRW wheat harvest in the Midwest and commercial grain firms brace for a likely record-large corn and soybean harvest.

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TWEET OF THE DAY

From @Knutson Farms: “The highest daily close for Dec14 Corn Futures was August 23, 2011. How many people thought about hedging 2014 crop back then?”

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ETHANOL PRICES

Ethanol declined to a six-week low after a government report showed production of the biofuel rose to a record. Futures fell after the Energy Information Administration said output rose 3 percent to 972,000 barrels a day last week, the most in four years of weekly data from the Energy Information Administration.

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