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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 Sees Big January Volume</title>
	<pubDate>Sun, 05 Feb 2012 22:55:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/cme-group-sees-big-january-volume</link>
	<description><![CDATA[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 was traded electronically.

Open interest at the end of January 2012 reached 87.1 million contracts, up 11 percent from the end of 2011.  Open interest growth was 11 percent in the month of January 2012 versus 7 percent in the month of January 2011.  January 2012 open interest growth was especially strong in interest rates at 17 percent, foreign exchange (FX) at 14 percent and agricultural commodities at 13 percent.

In January 2012, CME Group interest rate volume averaged 5.2 million contracts per day, down 2 percent from January 2011, but up 47 percent sequentially.  Treasury futures volume averaged 1.9 million contracts per day, down 12 percent compared with same period a year ago, but up 33 percent sequentially.  Treasury options volume averaged 309,000 contracts per day, up 13 percent from January 2011, and up 42 percent sequentially.  Eurodollar futures volume averaged 2.1 million contracts per day, down 1 percent from January 2011.  Eurodollar options volume averaged 850,000 contracts per day, up 30 percent from the prior January.

CME Group equity index volume averaged 2.2 million contracts per day, down 13 percent from January 2011.  CME Group foreign exchange (FX) volume averaged 744,000 contracts per day, down 21 percent from January last year, but up 3 percent sequentially and reflecting average daily notional value of $96 billion.

CME Group energy volume averaged 2.0 million contracts per day, up 1 percent compared with January 2011, and up 43 percent sequentially.  CME Group agricultural commodities volume averaged 1.1 million contracts per day, flat compared with the prior year period, and up 29 percent compared with December 2011.  CME Group ls volume averaged 365,000 contracts per day, down 11 percent compared with the same period last year, but up 36 percent sequentially.

Electronic volume averaged 9.5 million contracts per day in January 2012, down 9 percent from January 2011, but up 17 percent sequentially.  Privately negotiated volume increased 14 percent to 208,000 contracts per day, from the prior January.   Average daily volume cleared through CME ClearPort was 582,000 contracts in January 2012, up 27 percent compared with January 2011, and up 48 percent compared with December 2011.  Open outcry volume averaged 1.3 million contracts per day, up 6 percent versus the prior year period, and up 50 percent sequentially.]]></description>
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	<title>Tom Grisafi Speaking at Top Producer Thursday</title>
	<pubDate>Wed, 01 Feb 2012 21:29:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/tom-grisafi-speaking-at-top-producer-thursday</link>
	<description><![CDATA[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 the wake of record market volatility and farm profits, Top Producer Seminar is the perfect place to gather with other top performing producers to discuss marketing, management and money. 

In addition to Grisafi's presentation, the event will focus on shifting credit situation, new technology, global economics and competition, risk management and new profit opportunities.

The 2012 Top Producer Seminar is being held at the Hilton Chicago, downtown on Michigan Avenue.]]></description>
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	<title>Tuesday All About Corn and Gingrich</title>
	<pubDate>Tue, 31 Jan 2012 01:43:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/tuesday-all-about-corn-and-gingrich</link>
	<description><![CDATA[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 answer is yes.

&quot;We were dead in June and July . but we came roaring back and we will again,&quot; Gingrich said at a rally Monday in Tampa.

Still, the former House speaker, who has pledged to fight on until the GOP convention this summer, faces a tough road out of Florida. He plunges next into a scattershot series of state contests where he has little organization and must overcome steep odds to win.

So what position does a smart speculator take today in grains and politics?

Tuesday might be one of those days best observed from the sidelines.]]></description>
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	<title>CME Logs Another Trading Record This Week</title>
	<pubDate>Wed, 25 Jan 2012 23:54:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/cme-logs-another-trading-record-this-week</link>
	<description><![CDATA[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 record of 557,179 set on January 17, 2012, and a 170 percent increase over the average daily volume of 305,017 contracts in 2011.

&quot;Our Henry Hub futures contract is the leading benchmark for the North American natural gas market, which accounts for almost a quarter of energy in the U.S.,&quot; said Gary Morsches, Managing Director, Global Energy at CME Group. &quot;It's the second most-actively traded futures contract in the world based on a physical commodity and is a key part of our global suite of energy products, which traded an average of 1.8 million contracts a day in 2011.

Henry Hub Natural Gas futures have set a total of 11 new open interest records since the start of 2012, including a Jan. 19 record of 1,162,553 contracts.]]></description>
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	<title>New Grain Swaps Come to CME</title>
	<pubDate>Mon, 23 Jan 2012 23:22:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/new-grain-swaps-come-to-cme</link>
	<description><![CDATA[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 bullet swaps and three additional calendar swaps, which are listed with, and subject to, the rules and regulations of CBOT.

Additionally, these OTC agricultural swaps are the first to be introduced by any exchange following a new CFTC agricultural swap rule that took effect on December 31, 2011, allowing certification of agricultural swap products under new regulations beginning in January 2012.

&quot;These new agricultural swaps will provide customers with even greater flexibility to manage price risk while accessing the world's deepest and most liquid grain and oilseed markets,&quot; said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. &quot;Customers have expressed strong interest in centrally cleared agricultural swaps as a way to complement our underlying futures. We're confident these new financially settled swaps will provide customers with another set of versatile hedging tools to manage their risk.&quot;

Calendar swaps, which settle based on the average of the underlying futures settlement prices over a one-month period, will be offered on Soybean Meal, Soybean Oil and the Soybean Board Crush to complement the exchange's current lineup of cleared OTC calendar swaps. Bullet swaps on Corn, Wheat, Soybeans, Soybean Meal and Soybean Oil represent the first bullet swap offering on agricultural futures at CME Group. These bullet swaps will be European- and will settle to the corresponding futures settlement price on the swap's final settlement day.

The addition of Soybean Board Crush swaps will, for the first time, allow market participants to take advantage of the spread relationship between the underlying Soybean, Soybean Meal and Soybean Oil futures using one product. ]]></description>
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	<title>CME Group Announces Partnership with Chinese Firm</title>
	<pubDate>Fri, 20 Jan 2012 01:09:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/cme-group-announces-partnership-with-chinese-firm</link>
	<description><![CDATA[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 cleared by CME Clearing. 

CME Group’s range of hedging tools for the iron and steel marketplace have broken new ground in producing a comprehensive suite of products covering multiple sources of volatility across the ferrous supply chain. This has become known as the ‘virtual steel mill’. 

Mysteel is the leader in China‘s steel e-commerce sector, boasting established strategic partnerships with more than 20 llurgic bodies in China. The company has more than 600,000 registered members and information-collecting systems covering over sixty cities across China.

“With China providing the driving force in the global ferrous marketplace, this development will enable CME Group to further build out its comprehensive iron- and steel-related risk management product suite to meet significant customer demand,” said Harriet Hunnable, CME Group Managing Director, ls. “This new opportunity with Mysteel will help us develop the tools needed for our customers to manage price risk associated with conducting business in the steel industry in China.”

Zhu Jun Hong, Chairman of Mysteel, said: “We are pleased to announce this partnership with CME Group, whose global markets provide a valuable platform for customers seeking risk management solutions in the iron and steel sectors.  We look forward to working together with CME Group to the benefit of our customers and theirs.”
]]></description>
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	<title>CME and NFA Launch Super Committee</title>
	<pubDate>Wed, 18 Jan 2012 23:42:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/cme-and-nfa-launch-super-committee</link>
	<description><![CDATA[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 strengthen current safeguards for customer segregated funds held at the firm level in light of the MF Global bankruptcy.

This coordinated effort by all of the futures industry self-regulatory organizations (SROs) will examine what changes can be made to rules or to the ways firms demonstrate compliance with those rules to prevent customer losses due to the insolvency of a futures commission merchant (FCM).

&quot;Self-regulation has served the futures industry and its customers very well for a very long time,&quot; said Daniel Roth, president of NFA. &quot;However, the MF Global bankruptcy has dealt a severe blow to the public's confidence in the financial integrity of our futures markets and it is incumbent upon the industry's SROs - in collaboration with the Commodity Futures Trading Commission - to take the necessary steps to enhance customer protection, particularly in the area of segregated funds.&quot;

The committee will hold its first meeting within the next two weeks and plans to issue a series of recommendations by the end of the first quarter of this year.]]></description>
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	<title>China Expected to Determine Short Term Commodity Price Direction</title>
	<pubDate>Wed, 18 Jan 2012 00:44:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/china-expected-to-determine-short-term-commodity-price-direction</link>
	<description><![CDATA[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 amid speculation that China may ease monetary policy, boosting prospects for raw-material demand, after its economy expanded at the slowest pace in more than two years.

“More and more market players believe that China will implement further monetary-easing measures,” Eugen Weinberg, the head of commodity research at Commerzbank AG in Frankfurt, said today in a report. “This is giving considerable buoyancy to l prices.”

What's more, soybean and corn futures increased for the first time in a week in Chicago, chiefly, however, due to concerns that drought in South America will reduce global supplies.

Source: Bloomberg]]></description>
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	<title>CME Group Has Gas</title>
	<pubDate>Tue, 17 Jan 2012 00:24:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/cme-group-has-gas</link>
	<description><![CDATA[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., Jan. 10:    1,096,284 contracts

Mon., Jan.9:       1,079,161 contracts

Fri., Jan. 6:      1,064,301 contracts
 
To date, Henry Hub Natural Gas futures have set a total of six new open interest records since the start of 2012, including a Wed., Jan. 12 record of 1,033,447 contracts.   ]]></description>
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	<title>Will Corn Bounce After The Beat Down?</title>
	<pubDate>Fri, 13 Jan 2012 00:18:00 CST</pubDate>
	<link>http://www.indianagrain.com/blog/will-corn-bounce-after-the-beat-down-</link>
	<description><![CDATA[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 to $6.11 Thursday morning on the Chicago Board of Trade.

“The USDA provided a very bearish surprises for a trade that was leaning the other way,” said Bryce Knorr of Farm Futures Magazine.

Traders thought the USDA would report ending grain stocks of about 750 million bushels. 

Instead the USDA said the U.S. has 844 million bushels of corn in surplus storage.

Tomm Pfitzenmaier of Summit Commodities in Des Moines said “The reports this morning was bearish in nearly every category. The yields were raised rather than lowered. The carryout was left the same when the trade was looking for a reduction.  The problem here is going to be that nearly everyone had been assuming that the report would be friendly and it is not.”

Helen Pound of Penson Futures called the report “disappointing” to those expecting a more bullish report.

Pound said prices are likely to drop, but “people will look at this as a buying opportunity.”]]></description>
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