June 8th, 2012

CBOT News – CME Group,the world’s leading and most diverse derivatives marketplace, today announced it will extend open outcry trading hours for CBOT Grain and Oilseed futures and options to 2 p.m. CT, Monday to Friday. Daily settlements will move from 1:15 p.m. CT and will be based on market activity at or around 2 p.m. CT each day for the Grain and Oilseed futures and options as well as for Ethanol futures and options. The new open outcry trading hours will be effective beginning June 25, 2012, pending CFTC review.

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Nymex Crude Gains With Equities, Euro

On June 14, 2012, in commodity brokers news report, by Infinity Trading

June 14th, 2012

Nymex crude-oil futures settled higher Tuesday after three straight losing sessions, boosted by broader markets despite signs of high supplies in the global oil market.

Light, sweet crude-oil for July delivery settled 62 cents higher at $83.32 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange for July delivery traded 86 cents lower at $97.14 a barrel.

Rising stock markets along with gains in the euro against the dollar and a reversal in the bond market helped buoy U.S. crude-oil futures, which have suffered along with other riskier assets amid Europe’s debt crisis.

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June 13th, 2012

ICE Futures  U.S. a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets announced that ICE Futures U.S. established a daily volume record of 851,852 contracts on June 12, with 801,304 futures contracts and 50,548 options on futures traded during the day. The exchange’s previous daily volume record of 840,591 contracts was set on September 16, 2008.

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June 13th, 2012

CME Group (NASDAQ:CME) observed a record 2,105 short-dated new crop corn options contracts traded on the first day of trading for the product. [1] The trading volume surpassed the previous record of 1,840 soybean calendar spread options traded on the exchange on June 1, 2009. Short-dated new crop corn and soybean options started trading on June 4, and the company plans to launch trading for short-dated new crop wheat options on September 4, 2012.

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June 14th, 2012

Dow Jones Futures – U.S. stocks rose as reports on inflation and jobless claims bolstered speculation the Federal Reserve will act to spur growth and investors awaited an election in Greece this weekend.

Home Depot Inc. (HD) and Intel Corp. (INTC) added more than 1.1 percent to pace advances among the biggest companies. Kroger Co. (KR), the largest U.S. grocery-store chain, climbed 3.4 percent after boosting its profit forecast and announcing a $1 billion share buyback. US Airways Group Inc. (LCC) jumped 4.2 percent after saying it expects “very strong” second-quarter and full-year results.

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June 12th, 2012

Ethanol futures tumbled the most in more than a week after the U.S. government forecast an increase in global corn inventories, signaling lower costs of producing the fuel.

Prices sank after the Agriculture Department said in its World Agricultural Supply and Demand Estimates that global corn stockpiles on Oct. 1, 2013, will be 155.74 million metric tons, up 2.2 percent from the May forecast. Ethanol in the U.S. is derived from the grain.

“The WASDE report was actually bearish,” said Ian Jackson, a trader at SCB & Associates LLC in Chicago. “You’re feeling better, not great. Any day that you can gain back a couple of pennies is good.”

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June 13th, 2012

Gasoline futures rose as the Energy Department reported that demand for the motor fuel surged last week to the highest level since August.

Gasoline futures gained as deliveries to wholesalers increased 482,000 barrels, or 5.6 percent, to 9.13 million barrels a day. Inventories fell unexpectedly even as refiners pushed rates to the highest level since August 2007.

“Demand is up and you’re coming into gasoline season, you have utilization up and products drawing,” said David Pursell, a managing director at Tudor Pickering Holt & Co. LLC in Houston.

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June 13th, 2012

Cattle Futures – Anthony Stidham, a 48-year-old third-generation rancher from Oklahoma, is at the forefront of President Vladimir Putin’s plan to cut Russia’s $3 billion annual bill as the world’s biggest beef importer.

At the country’s largest beef farm about 400 kilometers (250 miles) southwest of Moscow, Stidham is passing on cattle- rearing skills to locals in a drive toward self-sufficiency that’s already involved shipping in about 60,000 Aberdeen Angus cattle from the U.S. and Australia.

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June 12th, 2012

Crude oil rose from an eight-month low on speculation that policy makers will do more to stimulate the economy and on expectations that U.S. inventories dropped.

Crude oil futures prices gained as much as 1.2 percent after Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth. Government data will show oil inventories fell the most in almost five months last week, a Bloomberg survey of analysts showed.

“There is a lot of political will to try to stem the decline and no one wants to see things get worse,” said Jacob Correll, a commodity analyst at Summit Energy Inc. in Louisville, Kentucky. “If refinery utilization rates stay high, then you are definitely going to see a decent-sized draw.”

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June 12th, 2012

Cattle Futures – The U.S. cattle herd has shrunk to the smallest since three years before Ray Kroc opened his first McDonald’s Corp. (MCD) hamburger stand, reducing supply and raising prices even as domestic demand sinks to a two-decade low.

Beef output in the U.S., the biggest producer, will drop for a third year in 2013 after drought destroyed pastures, forcing farmers to cull herds to the smallest since 1952, government data show. Cattle futures traded in Chicago may rise to a record $1.33 a pound by year-end, according to Ron Plain, a livestock economist at the University of Missouri at Columbia who has advised the U.S. Department of Agriculture.

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