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

CME Group establishes $100M fund for farmers

Chicago, 2 February 2012

CME Group today 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 CFTC regulations and misused customer monies that should have been kept segregated, CME Group is adding this extra security measure to protect the country’s food producers who are using CME Group futures markets to hedge their crops and livestock that feed the world.

Read more: CME Group establishes $100M fund for farmers

Czarnikow sees indeterminate outlook for sugar in 2012

London, 2 February 2012

2012 could be a good year for consumers as the easing of commodity balance sheets leads to falling food price inflation. The sugar market is anticipating growth in Brazilian cane production, which should reverse the recent decline and we predict converging sugar and ethanol prices in 2012, with higher global closing stocks resulting from the return to surplus in the 2011/12 season.

Read more: Czarnikow sees indeterminate outlook for sugar in 2012

Point Carbon slashes CO2 price outlook ... again

London, 28 January 2012

Thomson Reuters Point Carbon analysts have slashed their price forecasts for EU Allowances and U.N.-backed offsets for the second time in two months to reflect swelling supplies and the demand destruction caused by the euro zone debt crisis.

Read more: Point Carbon slashes CO2 price outlook ... again

ICE extends raw sugar trading hours, eyes Asia

Singapore, 26 January 2012: Reuters

Extended trading hours for New York sugar futures will offer Asian consumers a chance to hedge on the exchange which sets the tone for global prices, but liquidity may take some time to pick up.

Read more: ICE extends raw sugar trading hours, eyes Asia

ICE Futures Canada trades new Wheat contract

Winnipeg, 24 January 2012

ICE Futures Canada, Canada's leading agricultural exchange and a subsidiary of IntercontinentalExchange, announced the successful introduction of its new milling wheat futures contract, which began trading today.

 

Read more: ICE Futures Canada trades new Wheat contract

CME Group expands centrally cleared OTC agricultural offering

Chicago, 23 January 2012

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.

Read more: CME Group expands centrally cleared OTC agricultural offering

FAO Food Price Index ends year with sharp decline

Rome, 12 January 2012

Food prices fell in December 2011 with the FAO Food Price Index dropping 2.4 percent, or five points from November, FAO said today. At its new level of 211 points, the Index was 11.3 percent (27 points) below its peak in February 2011.  The decline was driven by sharp falls in international prices of cereals, sugar and oils due to bumper 2011 crops coupled with slowing demand and a stronger US dollar. Most commodities were affected. 

Read more: FAO Food Price Index ends year with sharp decline