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Tag Archives: markets

MARGIN SAFEGUARDS

CME Group has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, allowing it to better safeguard cash deposited by its traders.

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WHEAT LAWSUIT GETS GO AHEAD

Few companies need wheat as much as Kraft Foods, which uses it to make snacks, including Oreos, Ritz crackers, Wheat Thins and Chips Ahoy! But the food giant hasn’t always paid what it should for the cereal grain, according to federal regulators who say executives at the firm cooked up a scheme to manipulate the… read more

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INTEREST RATES

This week’s expected rise in interest rates won’t be a positive factor for better prices ahead.  However, FarmDoc’s Jeffrey Dorfman says it should not be much of a negative factor, given current market performance.

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US SOYBEAN EXPORTS SLOWING

Despite abundant supplies, U.S. soybean exports for the current marketing year (September/August) are forecast down from last year, due largely to greater competition from Brazil. Soybean production in Brazil is forecast to reach a record 100 million metric tons this year.

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WAITING OUT

Spot trading on Argentina’s main grains and oilseed market has slowed sharply as farmers hold on to their crops in the expectation this month’s presidential run-off vote will lead to a reduction in hefty export taxes.

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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.

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U.S. SOYBEAN FARMERS LOSING OUT TO BRAZIL IN WORLD EXPORT MARKET

American soybean farmers are beginning to harvest what’s expected to be their second-biggest crop. At the same time, they’re seeing their share of the global export market shrink, reflecting the growing interdependence of Brazil and China in agricultural trading, as reported by Bloomberg News.

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CHINA: 8.5% DROP IS ‘BLACK MONDAY

Chinese stocks suffered their worst single-day loss in more than eight years, spurring a fresh phase of a global selloff that dragged the Dow Jones Industrial Average to an 18-month low. The Dow tumbled 588.40 points to 15871.35, as reported by the Wall Street Journal.

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CHINA PROBLEMS

Contagion from the recent plunge in Chinese stocks spread Wednesday in a sign investors within China and overseas are losing confidence in Beijing’s ability to stem the slide in the country’s equity markets and manage its economic reforms. Commodity markets, including grains, may be impacted, the Wall Street Journal reports.

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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.

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