Agricultural commodities are changing and despite the fact that they trade in predominantly open-outcry pits, the changes are real. As historically domestic products become exports, suppliers such as
Carey comes from a family of CBOT traders. His father traded grains at CBOT, mostly wheat, for about 30 years; his nephew is CBOT Chairman Charlie Carey; and three of his four children trade at CBOT
The Chicago Board of Trade is considered the center for agricultural commodities trading, with benchmark contracts for soybeans, oats, rice, corn and wheat. And back in 2004, the exchange began
Grains have been discovered as an asset class, says Stephen Davis, senior broker at RJO Futures, adding that food is the new market play. “During harvest time, this is just incredible.” Davis says
Traders shouldn’t limit themselves to one way of thinking about the markets. Yes, there is something to be said for focusing on an approach until you have mastered it, but that doesn’t mean you
Name the grain; corn, soybeans, and even wheat, and analysts and traders can rarely provide an outlook without discussing energy demand. Traders joke that if they had a dollar for every time they
There are credible fundamental reasons why wheat rallied in early October: tight supplies and an Australian drought wiping out 50% of its estimated crop. And given the rally and tight supplies in the
The different ways markets react in a sideways versus trend environment can be dramatic and should affect how you enter trades and how you react to technical signals. So how can you identify
Rumors were flying around the industry about the huge wheat rally that left Chicago Board of Trade locals battered and bloodied, à la stock traders after Oct. 19, 1987. The reason was largely an
Big crops tend to get bigger, and with the United States’ second largest soybean harvest out of danger weather-wise, there is a great deal of downward pressure on soybean futures. “It’s a supply