Insights and Stories on International

Feb. 6, 2015 at 3:22 am CST

New York | Reuters –– CME Group will save US$10 million (C$12.4 million) per year after it shuts nearly all of its futures pits in New York and Chicago, a spokesman said Thursday, as the world’s biggest futures exchange pushes ahead with cost-cutting measures. While that may be a significant […]

By Reuters

Feb. 5, 2015 at 6:46 pm CST

Rome | Reuters — World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations’ food agency said Thursday. The U.N.’s Food and Agriculture Organization’s (FAO) global food price […]

By Isla Binnie

Feb. 5, 2015 at 6:22 pm CST

CNS Canada — All three U.S. wheat futures markets have seen a sizeable corrective bounce after hitting their lowest levels in months to start the week — and could be due for some more strength heading into the spring, a U.S. analyst says. “I’d like to think that the lows […]

By Phil Franz-Warkentin

Feb. 5, 2015 at 6:16 pm CST

Washington | Reuters — Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal’s ambitious goals should drop out. In prepared remarks, House ways […]

By Reuters

Feb. 5, 2015 at 6:13 pm CST

Chicago | Reuters — Chicago Mercantile Exchange lean hogs sagged to a six-year low Thursday, pressured by continued worries over plentiful supplies that sank futures to a five-year bottom on Wednesday, traders said. February closed 1.825 cents per pound lower at 63.275 cents, and set a new contract low of […]

By Theopolis Waters