Christine's Feed
Jan 27, 2014

ICE CEO Sprecher wants regulators to look at ‘maker-taker’ trading

MIAMI, Jan 26 (Reuters) – Stock market regulators should
take a hard look at the ‘maker-taker’ form of trading that now
dominates share transactions in the United States, Jeffrey
Sprecher, CEO of the IntercontinentalExchange and new
chief of the New York Stock Exchange, said on Sunday.

“Unfortunately it’s spread throughout the equities markets
in the U.S. and we can’t unilaterally change it alone. But it’s
certainly something we want to raise the profile and start a
conversation around because I think it hurts everybody in the
market,” Sprecher told Reuters in an interview on the sidelines
of the Commodity Markets Council industry meeting in Miami.

Jan 9, 2014

Cargill earnings boosted by big U.S. crop harvest

CHICAGO (Reuters) – U.S. agribusiness giant Cargill Inc CARG.UL on Thursday reported a 36 percent rise in quarterly profit, supported by a bigger U.S. crop harvest in 2013 that led to lower grain prices and boosted profit margins on meat sales.

Minneapolis-based Cargill, a top global commodities trader, reported net earnings of $556 million for the second quarter ended November 30, up from $409 million a year ago.

Jan 7, 2014

Frigid blast hits U.S. Midwest farm belt; wheat at risk

CHICAGO, Jan 7 (Reuters) – The U.S. Midwest and Plains
remained in a deep freeze on Tuesday with sub zero temperatures
at record or near-record lows, raising the risk of winter-kill
damage to dormant wheat along the Ohio River valley,
meteorologists said.

Overnight lows fell to -5 to -10 degrees Fahrenheit (-20 to
-23 Celsius) across southern Indiana, Ohio, Illinois and
northern Kentucky – big soft red winter wheat country, where
much of the area was unprotected by snow cover.

Jan 7, 2014

Frigid blast hits U.S. Midwest soft red wheat crop

CHICAGO, Jan 7 (Reuters) – The U.S. Midwest and Plains
remain in a deep freeze on Tuesday morning, with sub zero
temperatures at record or near-record lows, raising the risk of
winter-kill damage to dormant wheat along the Ohio River valley,
meteorologists said.

Overnight lows fell to -5 to -10 degrees Fahrenheit (-20 to
-23 Celsius) across southern Indiana, Ohio, Illinois and
northern Kentucky – big soft red winter wheat country, where
much of the area was unprotected by snow cover.

Jan 6, 2014

Brutal cold slows U.S. farming and meat business

CHICAGO, Jan 6 (Reuters) – The coldest weather to hit the
central United States in two decades disrupted grain and
livestock shipments throughout the nation’s farm belt on Monday,
curbed meat production at several packing plants and threatened
to damage the dormant wheat crop.

The near-record cold followed a winter storm that dumped
more than a foot of snow in some areas over the weekend, closing
roads in northwest Indiana and preventing workers from reaching
pork plants, grain elevators and processing plants in the
northern half of the state, industry sources said.

Jan 3, 2014

Distillers grain prices slump as China rejections clog pipeline

CHICAGO, Jan 3 (Reuters) – The price of distillers’ dried
grain has slid 20 percent in a week as U.S. exporters shied away
from selling the corn-based feed grain to its top customer China
after Beijing rejected shipments containing an unapproved GMO
corn strain.

“Everyone is just nervous. If you load something no one
knows if someone is going to take it or not,” said Ryan
McClanahan, a Kansas City-based trader with Commodity
Specialists Co, which supplies DDGs to both domestic and export
markets.

Dec 24, 2013

High cash rents to squeeze U.S. Midwest grain farmers in 2014

CHICAGO, Dec 24 (Reuters) – Rents on prime U.S. crop land
are expected to stay high in 2014 despite a sharp drop in grain
prices, raising financial pressure on farmers who rent most of
their land and risk big losses in the coming year, analysts and
bankers say.

More than half the 250 million acres (101 million hectares)
of corn, soybean and wheat land in the United States, the
world’s biggest grain exporter, are rented. Negotiations on 2014
farm land leases are going on in the Corn Belt and Great Plains,
with farmers, absentee owners and their farm managers, and farm
lenders all penciling out projected grain growing profits and
losses.

Nov 25, 2013

U.S. farm sector bracing to ‘sober up’ from boom in 2014

CHICAGO, Nov 25 (Reuters) – After more than six years of
unprecedented boom in the U.S. farm economy driven by a
government-backed drive for biofuels, record low interest rates
and rising food exports, American grain farmers and their
bankers are bracing for change.

U.S. farmers have just finished harvesting their largest
corn crop in history – taking the steam out of a long bull
market. Earlier this month the Obama administration also
signaled that renewable fuels were losing political favor as the
Environmental Protection Agency proposed cutting the amount of
corn-based ethanol oil refiners must blend into U.S. fuel
supplies.

Nov 15, 2013

U.S. crop price decline cools farmland value boom-Fed

CHICAGO, Nov 15 (Reuters) – Falling crop prices from a
bumper 2013 harvest dampened buyer interest in U.S. Plains and
Midwest farmland in the third quarter, slowing price gains after
years of record advances, regional Federal Reserve data showed
on Friday.

The Kansas City Federal Reserve, surveying 219 farm bankers
in its leading region for wheat, corn and cattle, said farmland
price gains in the quarter were only 1-3 percent higher on
average from the second quarter, compared to the usual
double-digit annual growth seen in previous years.

Nov 14, 2013

U.S. Midwest farmland prices soften in Q3-Chicago Fed

CHICAGO, Nov 14 (Reuters) – Farmland prices in the heart of
the U.S. Corn Belt softened in the third quarter from the prior
three months and overall values in the top corn-producing state
of Iowa eased, tracking grain prices lower, according to a
quarterly survey of agricultural bankers issued on Thursday by
the Federal Reserve Bank of Chicago.

For the district overall – which stretches across Iowa,
northern Illinois and Indiana as well as Wisconsin and Michigan
- farmland prices were up 1 percent in the July-September
quarter from the previous quarter and up 14 percent
year-on-year, the Chicago Fed said.

    • About Christine

      "As community editor for Thomson Reuters global on-line chatroom for grains traders and analysts, the Global Ags Forum, I lead chats on the latest factors driving grains and oilseeds markets worldwide, organize chat events with expert industry sources and promote the room to potential market players. Based in Chicago, I also report on U.S. cash and futures grains and oilseeds markets."
    • Follow Christine