Insights and Stories of Michael Hirtzer

Jul. 28, 2016 at 3:20 pm CDT

Chicago / Reuters – U.S. corn and soybean futures fell one per cent or more on Thursday, pressured by ample existing supplies and largely favourable growing conditions that will likely lead to huge harvests this fall, traders and analysts said. Chicago Board of Trade corn futures led the declines, with technical […]

By Michael Hirtzer

Jul. 27, 2016 at 3:20 pm CDT

Chicago / Reuters – U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said. Corn futures also rose at the Chicago Board of Trade, primarily on bargain buying, while wheat […]

By Michael Hirtzer

Jul. 26, 2016 at 4:29 pm CDT

Chicago / Reuters – Chicago Board of Trade wheat futures plunged as much as 3 per cent on Tuesday, their largest daily losses in three weeks, on pressure from ample global grain supplies and following declines in Euronext wheat, traders said. Wheat on the Paris exchange fell sharply for the […]

By Michael Hirtzer

Jul. 25, 2016 at 2:34 pm CDT

Chicago / Reuters – U.S. soybean futures fell sharply on Monday, extending the steep declines seen last week on pressure from investment fund selling and favourable extended weather outlooks for the developing crop, traders and analysts said. Wheat and corn futures each were narrowly lower at the Chicago Board of Trade, […]

By Michael Hirtzer

Jul. 13, 2016 at 4:42 pm CDT

Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from […]

By Michael Hirtzer, Tom Polansek