Business Management

CME, ICE spar on trading hours

CME Group has announced expanded trading hours for its CBOT grain and oilseed futures and options. The announcement comes shortly after a similar move by CME Group’s upstart rival IntercontinentalExchange, (ICE), Full story

OIG gives FSIS thumbs up for “handling” appeals

In April of all months, “audit” is the last word most Americans want to hear but last month the USDA’s Food Safety and Inspection Service was cheering because it passed a very meaningful audit by the Office of the Inspector General. Full story

Commentary: You need to thank Domino’s

If you’re in agriculture in any way, shape or form, you need to get on the team to thank Domino’s Pizza for the fact that its shareholders stood up to the Humane Society of the United States’ (HSUS) attempt to tell them how to run their business. Because, while the current issue centers on gestation-sow stalls, tomorrow it could focus on cheese and dairies or wheat and GMOs or any number of issues that activists decide to target. Full story

CME to pare back plan for expanded grain trading

CME Group is set to pare back its controversial plan for nearly around-the-clock grain trading in a compromise with grain firms that complained the shift would increase their costs, trade sources said on Wednesday. Full story

Crystal ball gazing: Ethanol

At the end of 2011 Congress allowed the tax credit for ethanol blending to expire, along with the tariff on imported ethanol, as well as the blenders’ credit for biodiesel fuel. Full story