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<title>Indiana Grain Company, LLC</title>
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<link>http://www.indianagrain.com/blog</link>
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	<title>CME Group Announces New Futures Contracts</title>
	<pubDate>Thu, 17 May 2012 02:39:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/cme-group-announces-new-futures-contracts</link>
	<description><![CDATA[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 rules and regulations of CBOT.

&quot;An increasing number of our producer customers use options to manage risk during the growing season,&quot; said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. &quot;We're introducing our Short-Dated New Crop Options in response to growing customer demand for tools like these that allow them to manage that risk at a reduced cost during targeted timeframes in the growing season. Additionally, these options will enable our commercial grain customers to expand their offering of minimum price contracts to their producers.&quot;

Short-Dated New Corp Options are options on December Corn, November Soybeans and July Wheat with earlier expiry dates than the standard options on those contracts. For each futures contract, three earlier expiring options will be listed. May, July, and September contract months will be listed for Short-Dated New Crop Options on CBOT Corn and Soybeans futures. For Short-Dated New Crop Options on CBOT Wheat futures, December, March, and May contract months will be listed.

Short-Dated New Crop Options on Corn, Soybean and Wheat futures will complement CME Group's already deep and liquid agricultural options complex, which includes standard or serial options, weekly options, calendar and other spread options and the newly listed MGEX-CBOT Wheat Spread Options.

Short-Dated New Crop Options will be American  and will be listed for electronic trading on CME Globex and open-outcry on the above listed dates, pending self-certification with the CFTC.]]></description>
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	<title>CME Boss to Present at UBS Conference</title>
	<pubDate>Sun, 06 May 2012 23:56:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/cme-boss-to-present-at-ubs-conference</link>
	<description><![CDATA[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 presentations will be broadcast live over the Internet and can be accessed via the exchange's web site at http://investor.cmegroup.com. 

CME asks visitors to please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast. 

Accompanying slides will also be available at the same location. An audio Webcast will be available for replay at the same address approximately 24 hours following the conclusion of the conference. ]]></description>
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	<title>Not Your Granddaddy's Grains</title>
	<pubDate>Wed, 02 May 2012 10:31:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/not-your-granddaddy-s-grains</link>
	<description><![CDATA[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 as ICE, the Intercontinental Exchange announced it would be opening its own grain contracts which would trade just about around the clock. 

This move quickly prompted the CME to expand trading hour or would suffer a major disadvantage of not being trade-able during certain hour more specifically during USDA report releases 7:30am cst. 

Electronic traders have been an advocate for this change for quite sometime, claiming their positions are at a major disadvantage when the grain markets shut down and other outside markets remain open effecting the grains but unable to do anything about it. 

Why shouldn't traders be able to have access to their positions throughout the day and into the night? Do crops stop growing, does the weather always remain at a constant,  do economic events shut down between the hours of 1:15pm and 6:00pm?? 

Here at @TGAFarms we are constantly monitoring the US dollar, European markets, Chinese markets around the clock so why should we be locked into grain positions while the rest of the markets trade and move at will?]]></description>
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	<title>CME Confirms CBOT Grain Trading Hours Expansion</title>
	<pubDate>Wed, 02 May 2012 01:23:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/cme-confirms-cbot-grain-trading-hours-expansion</link>
	<description><![CDATA[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 hours per day.

&quot;As we've grown our customer base in agricultural commodities around the globe, we've received increased interest in expanding market access by providing longer trading hours,&quot; said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. &quot;In particular, customers are looking to manage their price risk in our deep, liquid markets during market-moving events like USDA crop reports. In response to customer feedback, we're expanding trading hours for our grain and oilseed products to ensure customers have even greater access to these effective price discovery tools.&quot;

Beginning, May 13 for trade date May 14, customers will have expanded access to CBOT corn, soybeans, wheat, soybean meal and soybean oil futures and options on CME Globex as follows:

Sunday to Monday, 5:00 p.m. to 4:00 p.m. CT

Monday to Friday, 6:00 p.m. to 4:00 p.m. CT.

Open-outcry trading hours will continue to operate from 9:30 a.m. to 1:15 p.m. CT Monday to Friday. ]]></description>
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	<title>Grain Traders Ponder CME Hours Expansion</title>
	<pubDate>Mon, 30 Apr 2012 23:58:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/grain-traders-ponder-cme-hours-expansion</link>
	<description><![CDATA[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 that the CME was planning to extend the trading day to 22 hours, matching the trading period unveiled several weeks ago by the Atlanta-based IntercontinentalExchange as it announced plans to launch look-alike grains contracts.

Currently CME grains trade a 13-hour stretch overnight and nearly four hours during the day.

&quot;I don't think this is about either exchange caring about how long peoples' trading days are. This is about competition and holding market share and maximizing return to shareholders,&quot; said Rich Feltes, vice president for research with futures merchant R.J. O'Brien.

A source said the extended trading hours could possibly go into effect after May 23, which marks the end of a five-year period during which five people, including three CBOT directors, had veto rights over rule changes at the exchange.

Source: Reuters]]></description>
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	<title>Terry Duffy Heads to Capitol Hill</title>
	<pubDate>Thu, 26 Apr 2012 01:37:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/terry-duffy-heads-to-capitol-hill</link>
	<description><![CDATA[CME Group Executive Chairman Terry Duffy appeared this week before the U.S. Senate Committee on Banking, Housing and Urban Affairs to discuss &quot;The Collapse of MF Global:  Lessons Learned and Policy Implications.&quot;

&quot;Since the MF Global bankruptcy, CME Group and the derivatives industry have been working together to identify potential solutions to strengthen customer protections at the firm level, where the problem occurred,&quot; said Duffy. &quot;Additionally, we believe Congress can help further protect customers by amending the Bankruptcy Code to permit clearing houses to transfer fully collateralized customers from a defaulting clearing member to other clearing members. This amendment will minimize systemic risk and allow customers to continue to manage their risk and to keep control of sufficient collateral to support their positions.&quot;

Duffy's written testimony is now available on www.cmegroup.com.]]></description>
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	<title>CME Selling CBOT Building</title>
	<pubDate>Tue, 24 Apr 2012 00:18:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/cme-selling-cbot-building</link>
	<description><![CDATA[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 and south towers of the CBOT building for approximately $151.5 million. As part of the sale, CME Group will lease back the 150,000 square-feet of space it currently occupies in both buildings for a 15-year term, including the Agricultural Trading Floor as well as office and trading floor support space.

The company will continue to own the 288,000-square-foot east building, the address of which will be changed to 333 South LaSalle Street. The east building has no third party tenant space and is primarily comprised of the larger of the two active trading floors which houses the CME Group financial products.

&quot;CME Group, which has been headquartered in Chicago for more than a century, continues to be committed to this city and to maintaining our trading floors and office space in the 141 W. Jackson building,&quot; said CME Group Chief Financial Officer Jamie Parisi. &quot;We are extremely pleased to be able to sell our landmark building to the GlenStar Properties and USAA Real Estate Company consortium who will be great landlords for us and the other tenants. It will also allow CME Group to continue to focus on what we do best - running our exchanges and providing risk management tools to the world.&quot; ]]></description>
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	<title>Say Hello to Black Sea Wheat Futures</title>
	<pubDate>Thu, 19 Apr 2012 21:52:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/say-hello-to-black-sea-wheat-futures</link>
	<description><![CDATA[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 Chairman Emeritus Leo Melamed last year. 

&quot;This is an important next step for CME Group as it relates to our new market development efforts in Eastern Europe,&quot; said Melamed.

&quot;Now more than ever the world relies on the Black Sea region to produce wheat and other grains to meet our growing global demand for food,&quot; said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. &quot;That's why beginning in June, CBOT Black Sea Wheat Futures will become the first hedging tool to offer regional market participants effective price discovery and risk management. We firmly believe this contract will not only establish an effective forward market for regional wheat prices, but has the potential to develop into a true regional benchmark pricing tool for wheat.&quot;

Today, wheat is the world's most internationally traded agricultural commodity with wheat exports at almost 140 million metric tons globally. In recent years, wheat produced in the Black Sea region has accounted for more than 20 percent of global exports. This resurgence, coupled with increased price volatility in the region has underscored the need for an effective hedging tool with strong correlation to the Black Sea wheat cash market.

CME Group has worked closely with regional partners, industry associations and several other key market participants to develop the region's first wheat futures contract that truly represents physical grain prices, addresses specific delivery practices and regional risk factors like weather.

Pending all relevant regulatory review periods, Black Sea Wheat Futures will be listed on CBOT and available for trading electronically on the world's leading wheat-trading platform, CME Globex, beginning with the first listed month of July 2012. The contract will be U.S. Dollar denominated and will be 136 metric tons per contract, similar to benchmark CBOT Wheat futures. Designated delivery points for the contract will be in Russian, Ukrainian and Romanian ports on the Black Sea.

The introduction of the Black Sea Wheat Futures contract further enhances CME Group's already broad range of hedging and trading tools for managing exposure to wheat price risk around the globe. ]]></description>
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	<title>CME Comments on White House Oversight Proposal</title>
	<pubDate>Tue, 17 Apr 2012 22:44:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/cme-comments-on-white-house-oversight-proposal</link>
	<description><![CDATA[CME Group today released the following statement regarding the Administration's proposal to increase oversight of energy markets:

&quot;CME Group agrees that manipulation is detrimental to markets and should be vigorously policed, as is currently being done. However, we caution against mistakenly categorizing speculation as a form of manipulation. Market makers and speculators, serve an important function in the market - allowing energy users and producers to manage oil price risk and providing the necessary liquidity to ensure effective price discovery and more efficient transfer of price risk.

&quot;The Administration's proposal to use margin requirements to control cash prices is misplaced. The Administration must recognize that exchanges, as the operators of regulated energy markets, are in the best position to monitor volatility and manage margin requirements. Margins are based on volatility and cannot be used to manage cash prices. Rather, they serve as important tools for CME Group and other exchanges to use in managing the financial risks of the clearing houses we operate, which are a key component of the risk management policies being put into effect under Dodd Frank. Additionally, taking away from exchanges the ability to manage margins would make the markets less efficient, less tied to fundamentals and would create the potential to push the hedgers out of the market, which would make oil more expensive for all consumers.&quot; ]]></description>
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	<title>Apple in Free Fall Monday</title>
	<pubDate>Mon, 16 Apr 2012 22:21:00 CDT</pubDate>
	<link>http://www.indianagrain.com/blog/apple-in-free-fall-monday</link>
	<description><![CDATA[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 device, will arrive in South Korea and 11 additional countries on Friday, April 20.

In addition to South Korea, the new iPad also will be available beginning on Friday, April 20 in Brunei, Croatia, Cyprus, Dominican Republic, El Salvador, Guatemala, Malaysia, Panama, St Maarten, Uruguay and Venezuela. Beginning on Friday, April 27, the new iPad will be available in Colombia, Estonia, India, Israel, Latvia, Lithuania, Montenegro, South Africa and Thailand.

]]></description>
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