Chicago | Reuters –– CME Group said Tuesday it will delay the closure of its open-outcry futures markets in Chicago and New York by at least one trading day due to a technical revision in its filing with the U.S. Commodity Futures Trading Commission. The final open-outcry session is now expected to be on July […] Read more
CME’s futures pit closures delayed to July 6 or later
U.S. CFTC sues Kraft, Mondelez over alleged wheat price manipulation
Reuters — The U.S. Commodity Futures Trading Commission on Wednesday charged Kraft Foods Group and Mondelez International with manipulation of prices of wheat used in products such as Oreo and Chips Ahoy cookies. The regulator alleged that Kraft and Mondelez bought $90 million of wheat futures, or a six-month supply, but never intended to take […] Read more
U.S. grains: Corn, soy rise on short-covering ahead of USDA report
Chicago | Reuters –– U.S. corn and soybean futures edged higher on Monday, lifted by investor short-covering and position-squaring ahead of the monthly U.S. Department of Agriculture supply and demand report due on Tuesday. USDA said earlier that top soybean importer China purchased 120,000 tonnes of the grain within 24 hours, while analysts at AgRural […] Read more
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