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ISSUE DATE: 07/09/2012

In the new world of futures trading crop money never sleeps

By Larry Dreiling

The world of trading grain has changed. Competition for the market's money has become intense in a world where the Oliver Stone movie title "Money Never Sleeps" has become a truism.

The change came with electronic trading on the major traditional U.S. exchanges.

Then, the IntercontinentalExchange, or ICE, began a competition of its own with the traditional U.S. grain trading CME Group.

ICE began in 2000 as an Atlanta-based electronic trading company trading global over-the-counter energy contracts and grew so big as to be able join with the NASDAQ exchange to attempt a takeover of the NYSE Euronext exchange. ICE's intent in its beginning was, its company history describes, to "transform trading by providing an open, accessible, multi-dealer, around-the-clock electronic energy exchange." ICE claimed to offer the energy trading community better price transparency, more efficiency, greater liquidity and lower costs than manual trading.

But on May 14, in response to demand they found from hedge funds and other large traders, the ICE Futures U.S. exchange began trading five U.S. grain and oilseed contracts for corn, wheat, soybeans, soybean meal and soybean oil.

These contracts joined ICE's slate of agricultural futures and options contracts, including sugar, cotton, coffee, cocoa, orange juice, Canadian wheat, barley and canola.


NEWS

Energy update
EPA proposes dust standard
Escaping the heat this summer
Farm Bureau: EPA regulation of greenhouse gases will burden farmers
Farm safety, youth a shared concern
Governor proclaims Environmental Stewardship Day
Hot weather triggers heat-stress trio
In the new world of futures trading Money never sleeps
Moran accepting fall internship applications
National Grange supports broadband expansion for rural areas
Online resource offers farm safety, health information
Organic compounds eliminate disease-causing pathogens
Stay safe when severe weather strikes
Study: Patronage refunds benefit cooperative members
USDA seeks public comment on major statistical reports
USDA study: Healthy food can be most affordable
USDA to interview farmers, ranchers for seasonal surveys

CROPS

AgriLife Research focuses on potato disease insect
'Agvocate' to keynote Women in Agribusiness Summit
Army Reservists learn general ag principles
Communities strive to make home a better place
CSU Extension to offer Rural Entrepreneurship Academy
Emma recovers from emergency surgery with a new appreciation for life
Farm Service Agency now accepting pollinator habitats in continuous CRP
Flinchbaugh honored with Leader in Agriculture Award
Food reps impressed by U.S. soy sustainability practices
High tunnel publication covers budgeting strategies for farmers
Hoffman Harvesting crew welcomes rain in Colorado
Improving air quality with no-till cropping
Japanese beetles emerge early in flowers, fields
LeadAR program seeks candidates
Megan's semi blowout starts a fire
Mobile website offers irrigation information
MU website helps ID common weeds
Nebraska Agricultural Youth Institute delegates selected
NMSU offers annual onion field day
OETA, Oklahoma Conservation Partnership launch Dust Bowl Education Project
Operating expenses for cotton, corn up from last year
Osowski Ag continues cutting in Nebraska in 'bazillion' degree temps
Planting soybeans into dry soils
Research on gluten alternatives promising for sorghum farmers, consumers
Scientists complete comprehensive genetic analysis of corn
Scientists study effects of rising carbon dioxide levels on rice plants
Scout, treat fields for grasshoppers
TALL class XII graduates
Zeorians cutting very dry wheat near Limon

LIVESTOCK

Awards given at inaugural joint convention
Beef Quality Audit: Pleasing consumers key to premium beef
Building cowherds for long-term profitability
CCA, CLA joint convention a success
Dairy is worth celebrating year-round
Kansas represented in 2012 Beef Leaders Institute
K-State vet, livestock specialist discuss swine gestation stalls
NCBA responds to final WTO ruling on Country of Origin Labeling
NILE awards youth scholarships
NMSU, beef industry experts to host national beef academy for youth
Preventing respiratory disease
Quarterly hogs and pigs numbers released
Sheep, goats are a great fit for small suburban farms
Simple steps to identify and treat metritis
Texas Beef Team joins in the fight against diabetes
U.S. chilled pork gets celebrity treatment in South Korea
Watch cattle for heat stress
Young Cattlemen's Conference trains future leaders

EDITOR

Am I going to die?
Senate farm bill a good first step
Takes two to tango

COLUMNS

In other agribusiness news....
Just a scoop full
Seed cleaning services offered
Sweat!
Syngenta offers tour of KS research facility
They are sexy and don't know it

MARKETS

Ada cattle sales report
Additional rain needed to relieve crop stress
Another dry week
Apache livestock auction report
Arkansas livestock auction summary
Clovis livestock sales report
Crop conditions continue to decline
Crop conditions decline
Dalhart livestock auction report
Ft. Smith livestock auction report
Georgia cattle auction summary
Grain bids higher, soybeans mixed
Grain market close
Hay trade slow to moderate
High Plains slaughter news
High temps, no precip take toll on crops
Hot, dry days continue
Hot, dry weather continues
Hot, dry weather continues
Joplin regional cattle sales report
McAlester cattle sales report
Most hay selling steady
Pasture, range condition continues to decline
Pratt livestock auction report
San Angelo livestock auction report
Soil moisture levels depleted
Some areas see rain, others still dry
Texas direct feeder cattle summary
Tulia livestock auction report
Tulsa livestock auction report
Weather not helping crops, pastures
Wheat harvest progressing rapidly
Woodward livestock auction report

RANGE

AgriLife Extension helps test new mesquite control herbicide
Controlling musk thistle
Managing pastures, livestock during drought conditions
Storing round bale hay
Texas A&M University hosts the Grass-fed Beef Conference

FAMILY

Controlling rose rosette disease
Extension offers 'Beginning Food Preservation' class
Extension offers Youth Photography workshops
Grilled potatoes make for a crowd pleaser
K-State radio series to focus on lesser prairie chicken
Meditation
Pheasants Forever receives major Kansas land, legacy contribution
Phone app helps Wyoming 4-H bridge communications gap
Staycations remain in the summer forecast
When is ice cream not ice cream?
Woodstock's many angles give it appeal
Working Ranch Cowboys Foundation makes donation to Mesalands
Youth camps offer robotics, GPS/GIS activities

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