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

World food prices set to remain high

Rome, 7 June 2011

Record crops only just expected to meet consumption: High and volatile agricultural commodity prices are likely to prevail for the rest of this year and into 2012 according to the latest analysis published today in FAO's biannual Food Outlook. The report cites a sharp rundown on inventories and only modest overall production increases for the majority of crops as reasons for continuing strong prices.

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CME to publish volatility indexes for corn and soybeans

Chicago, 3 June 2011

CME Group will publish volatility indexes for CBOT Corn and Soybeans beginning Monday, June 6. CME Group currently publishes and disseminates the CBOE/NYMEX WTI Crude Oil Volatility Index (OIV) and the CBOE/COMEX Gold Volatility Index (GVX). The CME volatility index calculations are performed by the Chicago Board Options Exchange (CBOE) based on the methodology developed for the CBOE Volatility Index®, or VIX®. CBOT Corn and Soybean futures and options contracts are listed with, and subject to, the rules and regulations of CBOT.

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Food firms managing commodity risk

London, 26 May 2011

Food manufacturers are investing more in commodity price risk management, due to volatile markets and shareholder sensitivity to rising raw material costs eroding profits, a top Unilever Plc manager told Reuters.

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Acreage Boom to Soften Cotton

New York, 26 May 2011

Morgan Stanley are raising their cotton price forecasts, to $1.43/lb in 2010/11 and $1.00/lb in 2011/12, and introducing a 2012/13 price forecast of $0.80/lb. These forecasts reflect their expectation that moderate near-term demand deferral and a large supply response this year will pressure prices in 11/12 and beyond.

Read more: Acreage Boom to Soften Cotton

SGX successfully launches rubber futures

London, 20 May 2011

Singapore Exchange (SICOM) rubber futures had a successful first week of trading on the derivative market. Open interest increased by more than 25% in the third week of May 2011 to a daily average of 11,389 contracts versus the month of April. Due to a short week and the transition of these contracts from SICOM to SGX, the daily average volume for the week was 500 contracts.

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Ethanol supporters struggle to preserve biofuel subsidies

Chicago, 16 May 2011

The 45-cent per gallon VEETC subsidy for ethanol blenders, and the 54-cent tariff on imported ethanol, both expire at the end of this year.

 

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US paints brighter picture for tight world grains

Washington, 12 May 2011: Reuters

Farmers around the world will harvest sharply larger grain crops this year, the U.S. government projected in an unexpectedly upbeat outlook on Wednesday, adding that a drop in U.S. exports would also help refill dangerously thin grain stockpiles.

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CME Group revised limits for Corn

Chicago, 10 May 2011

CME Group today announced it had revised its recent proposal to increase daily price limits for Corn futures and options. Pending CFTC approval, daily limits on CBOT Corn futures and options would increase to $0.40 per bushel from the current $0.30 per bushel, replacing a late April proposal to increase daily limits to $0.50 per bushel. These contracts are listed with, and subject to, the rules and regulations of CBOT.

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Wood set to become a traded commodity

London, 10 May 2011

Wood is set to join oil, gas and metals as a crucial global commodity product as emerging sectors push demand to an all time high, a leading forestry consultant warned at an industry seminar on Friday, 6 May 2011.

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SGX derivatives market adds rubber futures

Singapore, 6 May 2011

Singapore Exchange today said its derivative market will add rubber futures to its commodities suite with the migration of SICOM rubber contracts onto the SGX trading platform from 16 May. The addition of SICOM TSR 20 and SICOM RSS 3 rubber futures will enable more international traders to participate in the contracts, thereby enhancing liquidity. The rubber contracts have a history which dates back to the 1920s and are pricing benchmarks for regional and global rubber producers, manufacturers, traders and consumers. From 16 May, TSR 20 rubber contracts traded over-the-counter will also be cleared by SGX AsiaClear.

Read more: SGX derivatives market adds rubber futures