Cotton production in India, the world’s second-largest grower, is set to climb to an all-time high as delays in monsoon rains prompt farmers to switch from soybeans and peanuts, the nation’s biggest cotton trader said. Futures in New York fell.
Corn dropped to the lowest in four years as rising production from the U.S. to Europe is expected to boost global supplies, negating concerns that turmoil in Ukraine may disrupt shipments from the Black Sea region.
The creation of FIA Global was announced in June 2013 when FIA and FIA Europe, then known as the Futures and Options Association, reached an agreement to combine their organizations under one global structure
The futures industry has had a tough couple of years, and with each storm there has been a dire warning that people will abandon it in droves. But the futures industry, particularly in Chicago, has faced many challenges and usually comes out the other end stronger through its ability to innovate.