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Agriculture & Softs Commodity News | Commodities News – Wheat, Corn, Coffee

CFTC Reopens Comment Period for Position Limits Proposals

London, 28 February 2015

The Commodity Futures Trading Commission has re-opened the comment period on (1) its proposed rules establishing position limits on certain exempt and agricultural commodities and (2) its proposed amendments to its aggregation policies with regard to such position limits.

The CFTC anticipates that the extended comment period will address questions and comments from the February 26 meeting of the CFTC’s Energy and Environmental Markets Advisory Committee. In addition to reopening the comment period, the CFTC updated the numbers of unique persons exceeding the proposed position limit levels to reflect data for the two-year period ending December 31, 2014.

The new comment period extends through March 28. The CFTC’s announcement of its re-opening of the comment period is available here

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CLTX to launch new Fertiliser initiative

London, 28 February 2015

The ability to manage price risk in the fertiliser market is not a new one; OTC and cleared derivatives contracts have been available for a number of years. However, growth in market volumes has accelerated in recent years, mainly due to increased price volatility since the financial crisis of 2008. In addition to this, the events of 2008 have also created a legacy of new global regulations. Of these, it is the Dodd Frank Wall Street Reform and Consumer Protection Act that has had the largest effect on the US centric fertiliser derivative market.

Read more: CLTX to launch new Fertiliser initiative

US port gridlock adds to almond pressures

Source: Financial Times, 25th February 2015

California drought has pushed prices higher as demand remains strong

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Car sale catalyst fails to drive platinum

Source: Financial Times, 25th February 2015

Oversupply of metal used in catalytic converters and switch from diesel engines send price down

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BHP profits fall as price pressures tell

Source: Financial Times, 24th February 2015

Miner cuts capital spending but sticks to demerger plans amid commodities downturn

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Largest US shale group sees growth halt

Source: Financial Times, 19th February 2015

EOG Resources delivers stark evidence of impact of weak prices

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Commodity prices go back to basics

Source: Financial Times, 12th February 2015

Backwardation’ a sign of widening variances in raw material markets

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Cocoa’s mixed fortunes create uncertainty

Source: Financial Times, 11th February 2015

Fall in supply data is offset by favourable production weather in Ghana

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Miners’ fortunes fade in Africa

Source: Financial Times, 8th February 2015

Outlook turns ominous as commodity prices fall to their lowest in 5 years

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FAO food price index declines in January

Rome, 5 February 2015

The FAO Food Price Index continued to decline in January, averaging 182.7 points for the month, or 1.9 percent below its December 2014 level. Lower prices reflect strong production expectations as FAO also raised its 2014 forecast for world cereal production to a record high and noted that early indications for crops in 2015 are favourable.

Read more: FAO food price index declines in January