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Tom Grisafi Provides Trader Perspective on U.S Farm Report

Posted:
By: Michael Essany
Comments: 0

Last weekend, Indiana Grain CEO and Trade the Farm owner Tom Grisafi appeared once again on U.S. Farm Report to discuss the trader's perspective in today's commodities market.

"Our moves in corn are limited and so volatility has been hit," Grisafi explained, noting that volatility is the "fear fa

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Hedge Fund Gold Bulls Are Less Bullish Today

Posted:
By: Thomas Grisafi
Comments: 0

According to recent data from the Commodity Futures Trading Commission, hedge funds have become decreasingly bullish on gold in recent weeks.

Net holdings in futures and options tumbled 20 percent to 44,291 contracts in the week ended Nov. 19, the lowest since July 9, Bloomberg summarized today.

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Corn Falls for 6th Time in Last 7 Sessions

Posted:
By: Thomas Grisafi
Comments: 0

On Wednesday, corn futures fell again, marking the sixth time in seven sessions that corn has moved lower.

Speculation that the U.S. crop is larger than the record forecast earlier this month once again put pressure on the commodity this morning.

Concerns about lower usage of the grain to make

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The Politics of Corn in Focus

Posted:
By: Thomas Grisafi
Comments: 0

Politico reported on Monday that depressed corn prices are having an impact on politics and bills under consideration in state legislatures across the Midwest.

"Indeed," observes journalist David Rogers, "having argued long and hard for a new, more market-oriented approach to farm subsidies, corn

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ICE Buys Singapore Commodities Bourse from Financial Technologies

Posted:
By: Michael Essany
Comments: 0

The Economic Times of India confirms that Financial Technologies is selling its Singapore Mercantile Exchange (SMX) unit.

The buyer is the Intercontinental Exchange Group Inc. (ICE).

The value of the deal is said to be $150 million.

"Analysts had expected Financial Tech would shed some of

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China Turns Away More U.S. Corn

Posted:
By: Michael Essany
Comments: 0

The world's most populous nation has refused a cargo of U.S. corn.

According to published reports widely coming to light Monday, China has rejected a cargo of U.S. corn due to its genetically modified composition, which is not approved for import, a source tells Reuters.

"It's confirmed. It's

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CME Group Volume Averaged 9.9 Million Contracts per Day in October 2012

Posted:
By: Thomas Grisafi
Comments: 3

CME Group has announced that October 2012 volume averaged 9.9 million contracts per day, down 20 percent from October 2011. Total volume for October 2012 was more than 227 million contracts, of which 87 percent was traded electronically. In coordination with other financial markets, some CME Group

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Mobile Ad Networks Challenged by Airpush to Raise The Bar

Posted:
By: Thomas Grisafi
Comments: 2

According to the latest data and corresponding projections from the International Data Corporation, the mobile advertising industry could be valued at close to $15 billion by 2016. But the industry's largest and most successful mobile ad networks could face a significant challenge next year -- a cha

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CME's Duffy Comments on Change After MF Global Debacle

Posted:
By: Thomas Grisafi
Comments: 2

One year after a debacle that we at Indiana Grain and others won't soon forget, Terrence A. Duffy, the executive chairman and president of CME Group, has issued a statement on "how far we've come" just twelve months after the MF Global meltdown rocked the financial world as we knew it.

The statem

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Airpush Achieves Mobile Ad Market Supremacy

Posted:
By: Thomas Grisafi
Comments: 5

Airpush continues to make enormous strides as the mobile ad network to watch this year... and next.

Capping a recent string of milestones for the Android ad network - milestones that include becoming the 2nd largest Android ad network in the world, issuing a record amount of developer payouts for

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NYSE Euronext receives the final report of the Strategic Planning Committee

Posted:
By: Thomas Grisafi
Comments: 2

NYSE Euronext welcomes the final report of the Strategic Planning Committee (SPC) presented to it today.

This is a significant accomplishment following six months of meetings between 11 independent members of the Strategic Planning Committee and a three month consultation period with issuers, as

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Where Are Hedge Funds Going with Commodities

Posted:
By: Thomas Grisafi
Comments: 1

According to the latest industry statistics, Hedge funds increased bullish bets on commodities for the first time in three weeks.

Why? If you haven't been paying attention, prices had dropped to a two-month low on signs of slowing Chinese growth and rising supplies of everything from crude oil to

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AAPL Doesn't Rebound After Tim Cook Letter

Posted:
By: Thomas Grisafi
Comments: 3

Shares of Apple failed to bounce as the week ended amidst an open apology and pledge from Apple CEO Tim Cook to improve upon the less than impressive new maps service Apple introduced last week with the launch of iOS 6.

"At Apple," Cook said in an open letter today, "we strive to make world-class

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Mobile Ad Network Airpush Raising The Industry's Bar

Posted:
By: Thomas Grisafi
Comments: 1

Mobile ad network Airpush is attracting far reaching praise in response to the uncommonly strong earnings developers and mobile advertisers are seeing with the new Airpush SDK 5.0.

In the days that followed the late August release of the SDK, the first wave of user results came in. And they were

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CME Group Says MSRI Prize in Innovative Quantitative Applications Awarded to Robert Shiller

Posted:
By: Thomas Grisafi
Comments: 1

CME Group and the Mathematical Sciences Research Institute (MSRI) announced today economist Robert Shiller is the 2012 recipient of the CME Group-MSRI Prize in Innovative Quantitative Applications. He will be honored at an award ceremony at W Chicago-City Center on Friday, October 12, at 10:30 a.m.

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CME Group Creating an Exchange in the United Kingdom

Posted:
By: Thomas Grisafi
Comments: 0

CME Group announced this week it is in the process of applying to the United Kingdom's Financial Services Authority (FSA) to create a London-based derivatives exchange. Pending regulatory approval as a Recognized Investment Exchange, CME Europe Ltd will initially begin trading foreign exchange futur

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CME Group Announces Trading Volume Record

Posted:
By: Thomas Grisafi
Comments: 3

CME Group has announced a record in daily trading volume for its Brent crude oil futures contract. These contracts are listed by and subject to the rules of NYMEX.

Brent Crude Oil Last Day Financial Futures trading volumes jumped yesterday to 21,997 contracts, a 70 percent increase over the previ

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Pivot Inc. Acquired by CME Group

Posted:
By: Thomas Grisafi
Comments: 3

DFJ Gotham Ventures has announced the sale of Jersey City-based portfolio company Pivot Inc. to CME Group. The transaction value is undisclosed in this all cash deal.

DFJ Gotham Ventures led Pivot's Series A investment round.

"The exit is a tremendous success and win for both Pivot Inc. and DF

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Is The Rain Coming Too Late to Save Corn?

Posted:
By: Thomas Grisafi
Comments: 2

Early in the week, forecasts of rain for the Midwest drove grain prices lower, but it’s too late for any amount of moisture to save much of the corn crop, half of which is now expected to be in poor condition or worse, analysts tell CNBC.

"When you have a lot of people in a market that's gone u

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Futures Industry SRO Committee Makes Announcement

Posted:
By: Thomas Grisafi
Comments: 0

A special committee composed of representatives from the futures industry's self-regulatory organizations (SRO) has proposed additional requirements to SRO rules and regulatory practices designed to strengthen safeguards for customer segregated and secured funds held at the firm. The special committ

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CME Group Sees Big Volume Last Month

Posted:
By: Thomas Grisafi
Comments: 2

CME Group has announced that June 2012 volume averaged 13.1 million contracts per day, down 11 percent from June 2011, and down 1 percent from May 2012. Total volume for June was more than 276 million contracts, of which a record 86 percent was traded electronically. Second-quarter 2012 volume avera

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Could The Grain Embargo of 1980 Happen Again Under Obama?

Posted:
By: Thomas Grisafi
Comments: 2

Anyone remember this Time magazine cover from January 1980?

Chances are, if you're a farmer, interested in politics, or were simply old enough to watch and remember the news from three decades ago, I'll bet this story definitely rings a bell.

At that time, President Jimmy Carter's grain embarg

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Traders Favorite Artist LeRoy Neiman Passes at Age 91

Posted:
By: Thomas Grisafi
Comments: 4

Around the offices of Indiana Grain and TGA farms there is no shortage of works by famed artist and master of the canvas LeRoy Neiman.

Sadly, we have learned that the painter and sketch artist best known for capturing the magic of the world's biggest sporting and leisure events has passed away.

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It's a New Record for CME Crop Options

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced that Short-Dated New Crop Options set a record on Monday, June 4, trading 2,105 Short-Dated New Crop Corn options contracts on its first day. This represents the greatest volume of day-one trading for any of CME Group's agricultural commodities products, and surpasses the p

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CME Executive Headlining Major Conference Today

Posted:
By: Thomas Grisafi
Comments: 2

CME Group announced today that Executive Chairman and President Terrence Duffy and Chief Executive Officer Phupinder Gill will present at Sandler O'Neill's 2012 Global Exchange and Brokerage Conference, to be held at the St. Regis Hotel in New York City, on Friday, June 8, at 3:00 p.m. (Eastern Time

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CME Group Volume Picks Up The Pace

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced that May 2012 volume averaged 13.2 million contracts per day, down 2 percent from May 2011, but up 24 percent from April 2012. Total volume for May was more than 291 million contracts, of which 85 percent was traded electronically.

Open interest at the end of May 2012 re

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Stock Split Confirmed in Chicago at CME

Posted:
By: Thomas Grisafi
Comments: 5

Shortly before the start of the Memorial Day weekend, CME Group declared a second-quarter dividend of $2.23 per share, payable June 25, 2012, to shareholders of record June 8, 2012.

On Thursday, the U.S. exchange operator declared a five-for-one split of its common stock.

CME told reports tha

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CME Group Announces New Futures Contracts

Posted:
By: Thomas Grisafi
Comments: 0

CME Group has announced the launch of Short-Dated New Crop Options on CBOT Corn and Soybeans futures to begin trading Monday, June 4. Short-Dated New Crop Options on CBOT Wheat futures will be listed for trading beginning Tuesday, September 4. These contracts are listed with, and subject to, the rul

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CME Boss to Present at UBS Conference

Posted:
By: Thomas Grisafi
Comments: 0

CME Group announced ahead of the weekend that Chief Executive Officer Phupinder Gill and Chief Financial Officer Jamie Parisi will present at the UBS Global Financial Services Conference, to be held at the Waldorf Astoria Hotel in New York City on Tuesday, May 8, at 2:20 p.m. (Eastern Time).

The

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Not Your Granddaddy's Grains

Posted:
By: Thomas Grisafi
Comments: 1

As of yesterday the CME Group, the world's leading and most diverse derivatives marketplace, announced it will expand electronic trading hours in its CBOT grain and oilseed futures and options beginning Monday, May 14, 2012.

Many saw this freight train creeping up on them in the rear view mirror

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CME Confirms CBOT Grain Trading Hours Expansion

Posted:
By: Thomas Grisafi
Comments: 1

CME Group today announced it will expand electronic trading hours in its CBOT grain and oilseed futures and options beginning Monday, May 14, 2012. This will expand market access to CBOT Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Oats and Rough Rice futures and options on CME Globex to 22 hou

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Grain Traders Ponder CME Hours Expansion

Posted:
By: Thomas Grisafi
Comments: 1

CME Group will reportedly extend trading hours for its grain contracts,sources close to the matter tell Reuters.

The move comes as the Chicago exchange moves to defend its turf against rival ICE's bid for nearly round-the-clock transactions.

Chicago traders had earlier cited widespread talk th

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Terry Duffy Heads to Capitol Hill

Posted:
By: Thomas Grisafi
Comments: 0

CME Group Executive Chairman Terry Duffy appeared this week before the U.S. Senate Committee on Banking, Housing and Urban Affairs to discuss "The Collapse of MF Global: Lessons Learned and Policy Implications."

"Since the MF Global bankruptcy, CME Group and the derivatives industry have been wo

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CME Selling CBOT Building

Posted:
By: Thomas Grisafi
Comments: 1

CME Group today announced the sale of two of the three buildings that comprise the Chicago Board of Trade (CBOT) Building Complex located at 141 W. Jackson to a joint venture between GlenStar Properties LLC and USAA Real Estate Company.

The consortium will buy the 1.3 million square foot north an

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Say Hello to Black Sea Wheat Futures

Posted:
By: Thomas Grisafi
Comments: 0

CME Group has announced the launch of CBOT Black Sea Wheat Futures to begin trading on June 6, subject to regulatory approval. The launch of these contracts, which will be listed with, and subject to, the rules and regulations of the CBOT, is an extension of the MOU that was initiated by CME Group C

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CME Comments on White House Oversight Proposal

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today released the following statement regarding the Administration's proposal to increase oversight of energy markets:

"CME Group agrees that manipulation is detrimental to markets and should be vigorously policed, as is currently being done. However, we caution against mistakenly cate

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Apple in Free Fall Monday

Posted:
By: Thomas Grisafi
Comments: 9

Traders who don't even trade Apple were talking about the tech giant today.

Shares of Apple fell $25 and some are now wondering if a pullback is coming.

Apple, however, is largely undaunted. The company today also announced the new iPad, the third generation of its category defining mobile dev

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CME Group to Amend Heating Oil Futures Contract and Expand Listed Months

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced it will amend its benchmark New York Harbor Heating Oil futures contract specifications, lowering its sulfur specifications to 15 parts per million (ppm) from 2,000 ppm and expand the listed months an additional three years beginning with its May 2013 contract. These contra

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CME Makes Rare Acquisition

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced that it has acquired a 100% equity interest in GreenX Holdings LLC (GreenX Holdings), the parent company of Green Exchange LLC (GreenX), and is now the sole owner of the company. CME Group will migrate GreenX contracts and open interest to CME Group's portfolio of products,

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NYSE Announces Second-Quarter 2012 Circuit-Breaker Levels

Posted:
By: Thomas Grisafi
Comments: 0

The New York Stock Exchange will implement new circuit-breaker collar trigger levels for second-quarter 2012 effective Monday, April 2, 2012.

Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). C

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Many Traders Expect Fireworks in Grains on Friday

Posted:
By: Thomas Grisafi
Comments: 1

The grain trade is expecting USDA to forecast this year's corn plantings near 95 million acres, the most since 1944, soybean area at just over 75 million, slightly more than last year and total wheat acreage at nearly 57.5 million, or roughly 3 million more than last year, Reuters reported early Fri

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How Are Hedge Funds Performing These Days?

Posted:
By: Thomas Grisafi
Comments: 0

The Dow Jones Credit Suisse Hedge Fund Index finished up 1.61% in February. A new monthly commentary offers insight into hedge fund performance through the month of February. Some key findings from the report include:

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finis

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Corn Liquidation Makes Headlines

Posted:
By: Thomas Grisafi
Comments: 0

U.S. corn futures fell 2.4 percent on Tuesday.

It's a move many traders expected following bearish chart signals and favorable U.S. crop weather.

As it turns out, both corn and soybeans posted their biggest daily declines since January.

"Today is a corrective trade," Shawn McCambridge, a

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AAPL Poised for New Record Tuesday

Posted:
By: Thomas Grisafi
Comments: 3

We at Indiana Grain love Apple products... and so many, many others. In fact, Apple on Monday night announced it has sold three million of its new iPad, since its launch on Friday, March 16.

The new iPad features a stunning new Retina display, Apple’s new A5X chip with quad-core graphics, a 5

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China May Be Back for More US Corn

Posted:
By: Thomas Grisafi
Comments: 0

As the WSJ reported today, the U.S. Department of Agriculture says private exporters sold 240,000 metric tons of U.S. corn for delivery to unknown destinations.

Commodity traders widely believed the buyer was China, the report from WSJ notes.

"Some Chinese feed companies have signed contracts

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CME Chief Craig Donohue Announces Departure

Posted:
By: Thomas Grisafi
Comments: 0

We at Indiana Grain have learned that Craig Donohue, CME Group's chief executive officer since 2004, will step down at year end, to be replaced by current CME president Phupinder Gill.

Chairman Terrence Duffy will take on the additional role of president, the company said.

Donohue, speaking on

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CME Group Volume Averaged 12.8 Million Contracts per Day in February 2012

Posted:
By: Thomas Grisafi
Comments: 1

CME Group has today announced that February 2012 volume averaged 12.8 million contracts per day, down 13 percent from February 2011 (which posted exceptionally strong average daily volume due to the impact of significant unrest in the Middle East throughout the month) but up 10 percent from January

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CME Group Sets OTC Clearing Monthly Volume Record

Posted:
By: Thomas Grisafi
Comments: 6

CME Group today announced that it set new monthly records for clearing interest rate swaps (IRS) and credit default swaps (CDS). For the month of February, the company cleared $150.1 billion in combined OTC IRS and CDS volume, a 142% increase over the previous record monthly total of $61.9 billion s

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CME Takes Aim at Japan

Posted:
By: Thomas Grisafi
Comments: 0

CME Group and RIM Intelligence, Japan's foremost provider of energy price and information services, today announced they have signed an agreement to develop clearing services for over-the-counter (OTC) risk management products used by the Japanese energy industry. The products will be listed and su

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NYSE Liffe Launches Options on Mini Gold and Mini Silver

Posted:
By: Thomas Grisafi
Comments: 2

NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext (NYX), announced that it successfully launched options on its mini-sized gold and mini-sized silver futures contracts. These new options contracts are designed to meet growing customer demand to trade and invest in the precious metals marke

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China's Reliance on US Corn Set to Explode by 2016

Posted:
By: Thomas Grisafi
Comments: 0

According ot the latest industry reports and estimates, corn imports by China, the world’s second-largest consumer, may surge sevenfold to a record 28 million metric tons by 2016 as local production fails to keep pace with increased demand, according to INTL FCStone Inc.

From Bloomberg:

"Imp

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CME Group Sets Sights on Dubai Mercantile Exchange

Posted:
By: Thomas Grisafi
Comments: 0

CME Group and Oman Investment Fund, a sovereign wealth fund of the Sultanate of Oman, today announced that they will increase their investments in the Dubai Mercantile Exchange to enable it to continue growing its business.

As part of the restructuring of the DME's equity shareholding, a recapit

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Does South Dakota Reveal a National Trend for Corn?

Posted:
By: Thomas Grisafi
Comments: 1

The Associated Press on Sunday confirmed that higher market prices led to a big jump in the value of South Dakota's corn crop production in 2011.

And we could see a similar impact nation wide among corn growing regions. That's according to a number of analysts who have weighed in on the situation

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CME Group Names Slate of Director Nominees

Posted:
By: Thomas Grisafi
Comments: 5

CME Group today announced its slate of candidates for election to serve on the company's board of directors. CME Group shareholders will vote for directors at the company's annual meeting to be held Wednesday, May 23, 2012.

The Class A and Class B shareholders voting together will elect seven can

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Corn Products International Changing Name

Posted:
By: Thomas Grisafi
Comments: 3

Food ingredient maker Corn Products International Inc. plans to change its name to Ingredion as part of a strategy to present itself as a maker of several ingredients for the food, beverage and brewing industries, CBS news reports.

The company said Tuesday that the name change must be approved by

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Forget This Year, 2013 Could Be Biggest for Corn

Posted:
By: Thomas Grisafi
Comments: 5

As highlighted by our friends at Reuters, a U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies.

The

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CME Group Announces Record Energy Trading Volumes

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced it set a new record for trading volumes for its energy products on Tuesday, February 7.

Trading volume for energy futures and options contracts totaled 3,489,302 contracts yesterday, climbing 13 percent higher than the previous record of 3,098,129 contracts on February

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Farmers Poised to Grow Biggest Corn Crop on Record Again

Posted:
By: Thomas Grisafi
Comments: 1

According to a report late Tuesday from Reuters, U.S. farmers this spring will seed the largest area with corn since World War Two as a mild and dry winter has raised expectations for a quick planting this spring , a Reuters poll of 24 analysts showed, signaling a boost to razor-thin stocks and lowe

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Farmers Getting Added Help from CME

Posted:
By: Thomas Grisafi
Comments: 0

CME Group announced that it will establish a $100 million fund designed to provide further protection of customer segregated funds for U.S. family farmers and ranchers who hedge their business in CME Group futures markets. In light of the recent MF Global failure, in which a clearing firm violated

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CME Group Sees Big January Volume

Posted:
By: Thomas Grisafi
Comments: 0

CME Group, the world's leading and most diverse derivatives marketplace, today announced that January 2012 volume averaged 11.6 million contracts per day, down 5 percent from January 2011, but up 21 percent from December 2011. Total volume for January was 232 million contracts, of which 82 percent

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Tom Grisafi Speaking at Top Producer Thursday

Posted:
By: Thomas Grisafi
Comments: 0

On Thursday, Indiana Grain President and CEO Thomas Grisafi will lead two sessions at the annual Top Producer Seminar in Chicago.

Grisafi will speak on the art of speculation trading before an audience of agricultural professionals and many of the biggest names in U.S. agriculture today.

In th

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Tuesday All About Corn and Gingrich

Posted:
By: Thomas Grisafi
Comments: 3

What will corn do on Tuesday? That's a big question a lot of traders are asking in an environment where little direction seems to be taking shape.

Just as much mystery surrounds Newt Gingrich. If he loses Tuesday in Florida's primary, Newt Gingrich will spend the next month trying to prove the an

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CME Logs Another Trading Record This Week

Posted:
By: Thomas Grisafi
Comments: 0

CME Group has announced a record in daily trading volume for its benchmark Henry Hub Natural Gas futures contract. These contracts are listed by and subject to the rules of NYMEX.

Henry Hub Natural Gas trading volumes surged yesterday to 824,316 contracts, a 48 percent increase over the previous

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New Grain Swaps Come to CME

Posted:
By: Thomas Grisafi
Comments: 0

CME Group today announced it has expanded its centrally cleared, over-the-counter (OTC) agricultural swap offering through the introduction of eight new grain and oilseed swaps. The new swaps will be available for clearing on February 13, pending regulatory review. Among the offering are five new bu

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CME Group Announces Partnership with Chinese Firm

Posted:
By: Thomas Grisafi
Comments: 0

CME Group and Mysteel, China‘s leading provider of ferrous price and indexing services, today announced they have signed an agreement to develop risk management products for the ferrous industry based on Mysteel’s market-leading price data services. The products will be listed by NYMEX and clear

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CME and NFA Launch Super Committee

Posted:
By: Thomas Grisafi
Comments: 1

The CME Group and National Futures Association (NFA) today announced, in conjunction with theInterContinental Exchange (ICE), the Kansas City Board of Trade (KCBOT) and the Minneapolis Grain Exchange (MGEX), the formation of a joint committee to review how self-regulatory organizations can strengthe

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China Expected to Determine Short Term Commodity Price Direction

Posted:
By: Thomas Grisafi
Comments: 0

Following a brutal beat down in commodities late last week on a surprisingly bearish USDA report, hopes have returned for a rebound in grain prices as China looks to lock in good prices for the commodities they need more of.

As Bloomberg reported Tuesday, commodities rose the most in two weeks am

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CME Group Has Gas

Posted:
By: Thomas Grisafi
Comments: 3

CME Group announced it had reached five consecutive daily open interest records for its benchmark Henry Hub Natural Gas futures contract. These contracts are listed by and subject to the rules of NYMEX.

Thurs., Jan. 12: 1,115,469 contracts

Wed., Jan. 11: 1,112,288 contracts

Tues., Ja

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Will Corn Bounce After The Beat Down?

Posted:
By: Thomas Grisafi
Comments: 0

Corn got beat up pretty badly on Thursday, but you probably know that already, especially if you were long heading into the U.S. Department of Agriculture’s final report on the 2011 harvest.

A larger-than-expected figure for surplus stocks sent corn prices down their 40 cents per bushel limit t

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Traders Bracing for USDA Numbers, Busiest Day of 2012

Posted:
By: Thomas Grisafi
Comments: 0

Today at 7:30 eastern time, the USDA will release the much anticipated crop data.

And it could be the busiest trading day of this new year as a result.

According to Dan Cekander from New Age, "markets came under a little pressure Wednesday due to wetter than expected weather in South America o

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CME Group Congratulates New FIA President

Posted:
By: Thomas Grisafi
Comments: 2

CME Group released the following statement on Walt Lukken being named the new president of the Futures Industry Association (FIA):

"We congratulate Walt Lukken on his appointment to head the Futures Industry Association. CME Group has had a long history of working closely with Walt during his ten

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Iran Situation Could Double Crude Overnight

Posted:
By: Thomas Grisafi
Comments: 4

If Iran were to close the Strait of Hormuz, Brent crude would surge to between $150 and $200 a barrel, says an oil analyst with Societe Generale.

“We believe it would be relatively easy for Iran to shut down the Straits of Hormuz,” wrote Michael Wittner, in a report to clients.

“A credib

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Traders Geared Up For This Morning's Jobs Report

Posted:
By: Thomas Grisafi
Comments: 2

It could be a big up day for the Dow.

Or a really bad day if expectations aren't met.

“ number should be pretty good,” said Goldman Sachs economist Andrew Tilton, who tells CNBC that job advertising and other indicators show an improved hiring picture.

Weekly jobless claims,

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CME Group Volume Averaged New Record Last Year

Posted:
By: Thomas Grisafi
Comments: 2

CME Group today announced that 2011 volume averaged a record 13.4 million contracts per day, up 10 percent from 2010. Highlights for the year included record annual average daily volume for foreign exchange (FX), agricultural commodities, energy and metals, as well as double-digit average daily vol

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Traders Keep Close Watch of Iowa

Posted:
By: Thomas Grisafi
Comments: 0

Traders are closely watching the returns in Iowa tonight.

With so many economic and market related matters hinging on the 2012 presidential election, investors want to know who the GOP candidate will be.

On Tuesday, however, Iowa pointed to further confusion in the top ranks of the Republican

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Grain Traders Enter 2012 All Bulled Up

Posted:
By: Thomas Grisafi
Comments: 0

To end the final week of trading for 2011, corn traders were bullish for a fifth consecutive week on speculation that dry weather in South America is damaging crops.

If that's the case, demand for U.S. supplies of the golden grain could push corn higher than we've seen in recent months.

As Blo

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Gold May Be Entering Bear Market

Posted:
By: Thomas Grisafi
Comments: 0

Have the bears come for the gold to wind down 2011?

As Bloomberg reported late Thursday, Gold has now posted the longest slump since March 2009 as gains in the dollar eviscerated demand for precious metals as alternative assets.

The dollar climbed as much as 0.6 percent today against the euro

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Hedge Funds Missed the Commodities Comeback

Posted:
By: Thomas Grisafi
Comments: 1

The impressive market rally seen in recent days among commodities was almost totally missed by many of the biggest hedge funds on Wall Street.

As Bloomberg reported Monday, hedge funds reduced bets on higher commodity prices to the lowest level since 2009 just as raw materials headed for their bi

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Have The Commodity Bulls Come Home for Christmas?

Posted:
By: Thomas Grisafi
Comments: 0

The Standard & Poor’s GSCI gauge of 24 commodities spiked 2.4 percent to close at 634.48 in New York yesterday, led by cocoa, gasoline and crude oil.

The increase was the biggest since Oct. 27, Bloomberg reported.

Crude oil also rose the most since October. Futures for January delivery gain

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AT&T Drops Ambitious T-Mobile Bid

Posted:
By: Thomas Grisafi
Comments: 2

On Monday, AT&T officially relinquished its one-time bid to acquire carrier T-Mobile.

The Wall Street Journal was first to confirm that AT&T is abandoning its plan as result of insurmountable opposition from federal regulators.

Consequently, AT&T will pay $3 billion in cash and turn over some

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CME Sings Praises of Illinois

Posted:
By: Thomas Grisafi
Comments: 0

On Friday, the CME Group commended the State Legislatures' efforts to address the corporate tax disparity in Illinois.

"We are pleased that Illinois Governor Pat Quinn and the State Legislature have addressed the inequitable distribution of corporate taxes currently levied on CME Group," said CME

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Javelin and CME Execute and Clear $4.1 Billion of Interest Rate Swaps

Posted:
By: Thomas Grisafi
Comments: 0

Javelin Capital Markets, a swaps trading platform, and the CME, a swaps clearing house, today announced that they had executed and cleared over $4.1 Billion of interest rates swap trades in an average time of under 2 seconds--a market first.

Working with several dealers and the buyside, Javelin e

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Have Corn and Wheat Gone South for The Holidays?

Posted:
By: Thomas Grisafi
Comments: 3

Corn dipped slightly early Thursday after falling to a nine-month low in the previous session, while the benchmark wheat similarly hovered at contract lows as concerns over Europe's worsening debt crisis continued to hamper the global markets.

"Grains and oilseeds are not in a Christmas moo

...

Corn Products International Increases Quarterly Dividend

Posted:
By: Thomas Grisafi
Comments: 0

The Board of Directors of Corn Products International, Inc. today declared a quarterly dividend of $0.20 per share on the Company's common stock.

This represents an increase of $0.04 per share, or 25% compared to the previous quarterly dividend of $0.16. This also marks the second time the Com

...

CME Group's Duffy Appears Before the Senate Agriculture Committee

Posted:
By: Thomas Grisafi
Comments: 4

CME Group Executive Chairman Terry Duffy appeared Tuesday before the U.S. Senate Committee on Agriculture, Nutrition and Forestry, to discuss the MF Global bankruptcy.

"MF Global put market users in a tragic position," said Duffy in an advance statement. "In the days leading up to MF Global's ban

...

CME Rolls Out Another New Contract

Posted:
By: Thomas Grisafi
Comments: 0

CME Group Inc. Monday launched a new Brent crude futures and options contract in a bid to challenge IntercontinentalExchange Inc.'s (ICE) dominance in the market, Dow Jones Newswire reported.

The first tradable month on CME's Brent 25-day contract will be Feb 2012, while the first month for ICE's

...

Funds Confused on Commodities Price Direction

Posted:
By: Thomas Grisafi
Comments: 2

It would appear as though hedge funds are scaling back their bullish bets on commodities and waiting for more information and market price direction before getting long or short a variety of commodities as we approach 2012.

According to a report Sunday from Bloomberg, hedge funds cut bullish bets

...

CME Group's Duffy Talks MF Global

Posted:
By: Thomas Grisafi
Comments: 0

CME Group Executive Chairman Terry Duffy appeared before the U.S. House Committee on Agriculture on Thursday to discuss the MF Global bankruptcy.

"MF Global put market users in a tragic position," said Duffy in an advance statement. "In the days leading up to MF Global's bankruptcy, daily reviews

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NYSE Euronext Announces Latest Trading Volumes

Posted:
By: Thomas Grisafi
Comments: 0

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for November 2011. Global derivatives average daily volume (“ADV”) of 8.3 million contracts in November 2011 increased 0.7% versus the prior year with U.S. equity options increasing 10

...

All Eyes on Geithner in France

Posted:
By: Thomas Grisafi
Comments: 0

Investors and traders are closely watching U.S. Treasury Secretary Timothy Geithner on his European exploits this week.

Geithner is scheduled to meet French President Nicolas Sarkozy in Paris today "to press for decisive steps towards resolving Europe's deepening debt crisis as the region's leade

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CME Group Sets OTC Clearing Volume Record

Posted:
By: Thomas Grisafi
Comments: 2

CME Group announced Monday that it set new monthly records for clearing interest rate swaps (IRS) and credit default swaps (CDS). For the month of November, the company cleared $61.9 billion in combined OTC IRS and CDS volume, a 36 percent increase over the previous record monthly total of $45.5 bil

...

CME Coming to Indiana After All?

Posted:
By: Thomas Grisafi
Comments: 0

It's a like a Jennifer Lopez marriage... on again... off again.

The latest buzz in the financial world is that the CME is moving to Indiana.

According to the Indianapolis Star on Tuesday, Indiana could gain hundreds of high-paying jobs and tens of millions of dollars in tax revenue if the Chic

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Europe to Dominate Markets on Monday

Posted:
By: Thomas Grisafi
Comments: 2

Markets will be all about Europe as we enter a new week of trading with renewed optimism on the world stage.

Hope has seemingly reached a new high over European leaders' capabilities to make the tough decisions necessary to resolve their sovereign debt crisis.

"I think the only thing that's re

...

CME Clearing to Accept Offshore Chinese Renminbi (CNH) as Collateral for Futures Trading

Posted:
By: Thomas Grisafi
Comments: 9

CME Group announced over the weekend that it will include offshore Chinese Renminbi (CNH) in the range of instruments to meet performance bond requirements on all exchange futures products cleared through CME Clearing, effective January 2012. The company also announced with HSBC Global Banking and M

...

Traders Geared Up for Today's Jobs Report

Posted:
By: Thomas Grisafi
Comments: 0

November's employment report is expected to show improvement over last month.

A better than expected number, some analysts say, could send stocks soaring even higher to end the week.

The opposite of a positive report, however, could send stocks sinking back toward last week's levels.

CNBC r

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Has Corn Bottomed for The Year?

Posted:
By: Thomas Grisafi
Comments: 0

Corn has certainly bounced in recent days.

But lets not forget the sustained free fall of the last few weeks.

So has corn finally found its footing as we enter the last month of the year?

Corn settled Wednesday up 2.4 cents per bushel at $6 for December delivery and up 1.4 cents per bushel

...

CME Releases Letter to Trading Community

Posted:
By: Thomas Grisafi
Comments: 2

On Wednesday, the CME Group released a statement to the trading community with regard to the latest information surrounding the MF Global debacle. The letter reads as follows:

To Our CME Group Trading Community,

Yesterday, the MF Global Trustee filed a motion with the Bankruptcy Court seeking

...

CME Not Moving to Indiana After All?

Posted:
By: Thomas Grisafi
Comments: 0

It appears the prospect of CME leaving Illinois and moving next door is rapidly diminishing.

The latest proposal to serve up tax breaks for CME Group and other major local employers is expected to make it to the House floor Tuesday.

"The House Revenue and Finance Committee voted 6-0 to endorse

...

Lots of Commodity Traders Leaving The Business

Posted:
By: Thomas Grisafi
Comments: 0

Lots of commodity traders are leaving the business.

And not just those who were long all of last week.

According to an eye-opening report from Bloomberg on Sunday, the world’s biggest investment banks have greater staff turnover in commodities than in fixed-income and currencies because of t

...

More Ugly or Less Ugly? That's The Question for Commodities

Posted:
By: Thomas Grisafi
Comments: 0

Last week was ugly for stocks. Last week was ugly for commodities. Last week was ugly for everything... especially turkeys.

But a glimmer of hope returned to markets overnight as soybeans recovered from a 13-month low, while corn and wheat gained more than 1 percent on hopes that Europe's lingeri

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