Cereal prices rise, defying huge supply

The Food and Agriculture Organization’s Food Price Index rose notably in January, led by sugar and cereals, even as global markets remain well supplied. The FAO, an agency of the United Nations, released its Food Price Index, which averaged 173.8 percent in January, its highest value in almost two years. It marked a 2.1 percent […] Read more


CME tweaks daily grain price limit system

CME tweaks daily grain price limit system


CHICAGO, Ill. (Reuters) — CME Group Inc. plans to overhaul the system for setting daily price limits for U.S. grain and oilseed futures to reflect fluctuations in crop prices. CME, which owns the Chicago Board of Trade and other exchanges, will apply limits to markets, including corn, soybeans and wheat, that reset twice a year […] Read more