Search Results for: wheat
World wheat stocks to hit record high at close of 2017-18, says IGC
August 29th, 2017
The International Grains Council lifted its forecast for world wheat stocks to a record high as it reversed a downgrade to its global grains harvest estimate, flagging an “increasingly favourable outlook” for Black Sea output. The intergovernmental group lifted ...
Wheat futures renew rally, amid fresh worries over EU, US dryness
June 20th, 2017
Spring wheat futures soared to a fresh two-year high, with prices strong in other wheat markets too, after US officials surprised investors by again cutting the condition rating on the country’s spring wheat crop, despite much-needed rains. Minneapolis-traded hard ...
Australia Cuts Wheat Production Forecast on Drought
September 9th, 2014
Australia lowered its outlook for wheat production as dry weather in parts of the country’s east may curb yields in the world’s fifth-biggest exporter. The harvest may total 24.2 million metric tons in 2014-2015 from 24.6 million tons estimated ...
Wheat Extends Gains as Rain Threatens to Thwart U.S. Harvest
June 19th, 2014
Wheat rose for a second day on concern that rain from Oklahoma to Kansas may delay harvesting and cause crop quality to deteriorate in the U.S., the world’s biggest exporter. Between 0.5 inch and 2 inches (5.1 centimeters) of ...
Speculators See Gold Gaining With Wheat on Ukraine: Commodities
March 17th, 2014
After shunning gold and wheat for most of last year, hedge fund managers are piling back in as the escalating crisis in Ukraine spurs a rebound in the prices of both commodities. Speculators have the biggest bet on a ...
A resident of Denmark charged in $1.5 million Forex fraud scheme
May 25th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging defendant Casper Mikkelsen, a/k/a “Carsten Nielsen,” a/k/a ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
ICAP Capital Markets LLC ordered to Pay $50 Million penalty
September 19th, 2018
The Commodity Futures Trading Commission (CFTC or Commission) issued an Order filing and settling charges against ICAP Capital Markets LLC (ICAP), now known as Intercapital Capital Markets LLC (ICAP), for, by and through certain of its brokers, aiding and ...
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
Futures Broker fined for engaging in a fraudulent trading scheme
August 13th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Christian Robert Mayer of Eden Prairie, Minnesota, for engaging in a fraudulent trading scheme involving unauthorized trades in cattle, crude oil and wheat futures ...
