Tom's Feed
Nov 25, 2014

CME Group defends market surveillance after CFTC review

CHICAGO, Nov 25 (Reuters) – CME Group Inc on Tuesday
defended its record of pursuing market manipulation, a day after
U.S. regulators said the world’s largest futures exchange
operator should put more work into identifying an illegal
trading practice known as “spoofing.”

CME, owner of the New York Mercantile Exchange, Chicago
Board of Trade and other exchanges, “has a clear record of
prosecuting spoofing as well as disruptive trading activity,”
spokeswoman Laurie Bischel said.

Nov 25, 2014

In wake of China rejections, GMO seed makers limit US launches

Nov 25 (Reuters) – China’s barriers to imports of some U.S.
genetically modified crops are disrupting seed companies’ plans
for new product launches and keeping at least one variety out of
the U.S. market altogether.

Two of the world’s biggest seed makers, Syngenta AG
and Dow AgroSciences, are responding with
tightly controlled U.S. launches of new GMO seeds, telling
farmers where they can plant new corn and soybean varieties and
how can the use them. Bayer CropScience told Reuters
it has decided to keep a new soybean variety on hold until it
receives Chinese import approval.

Nov 24, 2014

CFTC tells CME Group to work more on ‘spoofing’ detection

CHICAGO, Nov 24 (Reuters) – CME Group Inc, the
world’s largest futures market operator, should continue to
develop strategies to detect an illegal manipulative trading
practice known as “spoofing,” the U.S. Commodity Futures Trading
Commission said on Monday.

Spoofing involves rapidly placing orders to create the
illusion of market demand. Unsuspecting traders are then tricked
into buying or selling at artificial prices, only to later find
that the orders were canceled.

Nov 10, 2014

U.S. hopes for GMO crop cultivation in China still alive, barely

Nov 10 (Reuters) – DuPont Pioneer, one of the world’s
largest seed companies, is refusing to give up on efforts to
cultivate genetically modified crops in Chinese fields in the
face of regulatory hurdles, even as rivals pull back.

The Iowa-based agricultural seed and chemical unit of DuPont
this autumn harvested its first test crops of GMO corn in
China in six years after lengthy efforts to win government
approval for the new field trials.

Nov 6, 2014

ADM’s next CEO faces ethanol, global trade hurdles

CHICAGO, Nov 6 (Reuters) – When Juan Luciano becomes chief
executive officer of Archer Daniels Midland Co in the
new year he will face easing demand for ethanol and increasing
competition from global competitors.

Falling gasoline prices and waning U.S. government support
for ethanol are confronting Chicago-based ADM eight years after
the company hired outgoing CEO Patricia Woertz, a former Chevron
executive, in part to lead the company’s growth in biofuels.

Nov 4, 2014

Exclusive: CME sees chance to buy GFI units even if takeover fails

CHICAGO (Reuters) – CME Group Inc (CME.O: Quote, Profile, Research, Stock Buzz) will likely have a chance to acquire the pieces it wants of GFI Group Inc (GFIG.N: Quote, Profile, Research, Stock Buzz) even if its bid to buy the derivatives broker falls short, the executive chairman of the futures market operator said on Monday.

Terry Duffy, CME executive chairman, said in a wide-ranging interview that he assumed the two GFI units that CME has pursued will be available from “whoever ends up with GFI.”

Oct 31, 2014

Insight: U.S. jockeys with China over GMO crop issues

By Carey Gillam and Tom Polansek

(Reuters) – With U.S. approval for Dow AgroSciences’ package of chemicals and new genetically engineered crops now in hand, the Dow Chemical Co (DOW.N: Quote, Profile, Research, Stock Buzz) unit faces a major obstacle to a $1 billion market opportunity: Chinese import barriers.

The Asian nation has become a major buyer of U.S. corn and soybeans in recent years, but has also shown mounting reluctance to accept some genetically modified crops grown by U.S. farmers. China for the last year has been rejecting U.S. corn shipments containing traces of a type of GMO corn developed by Syngenta AG (SYNN.VX: Quote, Profile, Research, Stock Buzz).

Oct 31, 2014

U.S. jockeys with China over GMO crop issues

Oct 31 (Reuters) – With U.S. approval for Dow AgroSciences’
package of chemicals and new genetically engineered crops now in
hand, the Dow Chemical Co unit faces a major obstacle to
a $1 billion market opportunity: Chinese import barriers.

The Asian nation has become a major buyer of U.S. corn and
soybeans in recent years, but has also shown mounting reluctance
to accept some genetically modified crops grown by U.S. farmers.
China for the last year has been rejecting U.S. corn shipments
containing traces of a type of GMO corn developed by Syngenta AG
.

Oct 31, 2014

CBOE may cut VIX futures trading hours after glitches

CHICAGO, Oct 31 (Reuters) – CBOE Holdings Inc may
trim trading hours at its futures exchange after suffering
glitches that disrupted activity this month, the company’s
president said on Friday.

The CBOE Futures Exchange experienced problems related to
extended market hours for futures on its CBOE Volatility Index,
or VIX, as trading volumes spiked, CBOE President Ed
Provost said on a call to discuss third-quarter earnings.

Oct 31, 2014

CBOE considers reducing trading hours for VIX futures

CHICAGO, Oct 31 (Reuters) – CBOE Holdings Inc may
trim trading hours at its futures exchange after suffering
technical problems that disrupted activity this month, the
company’s president said on Friday.

The CBOE Futures Exchange experienced glitches related to
extended market hours for futures on the CBOE Volatility Index,
or VIX, as trading volumes spiked, CBOE President Ed Provost
said on a call to discuss third-quarter earnings.