Last week’s cash trade averaged $153.55 according to USDA’s closely followed five area report. This is 3% over last year’s $149 average price in the same week. Free market sales were a bit over the previous week’s incredibly small level.
A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia.
The yen dropped to a seven-year low against the dollar as investors bet Japan’s Prime Minister Shinzo Abe will win an early election, renewing his mandate to pursue stimulative monetary policy and structural changes.
Removing export restrictions would increase domestic production-—8 million barrels per day in April 2014—-because of increasing domestic crude oil prices. Estimates range from an additional 130,000 to 3.3 million barrels per day on average from 2015 through 2035.
Senator Rand Paul is an independent-minded thinker in the U.S. Senate, even challenging the conventional policy approaches of his own party on issues ranging from Iraq to drug sentencing. This month, Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.
Just days after announcing his resignation as Commissioner of the CFTC, Scott O'Malia was named CEO of the International Swaps and Derivatives Association (ISDA). Swaps only came under the CFTC's jurisdiction during O'Malia's tenure with the passage of the Dodd-Frank Act.