Tag: CME

POET wants CME to change ethanol swap contract after ADM allegedly pushes down prices

POET wants CME to change ethanol swap contract after ADM allegedly pushes down prices

December 18, 2018 |

In Washington, Reuters reports that POET is leading the charge to get the Chicago Mercantile Exchange to adjust its ethanol swap contract that is based on the Platts price, saying that ADM is using the benchmark contract to push down prices and squeeze other players out of the market. Some allege that the Platts price, […]

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UK finally grants CME approval to begin trading

UK finally grants CME approval to begin trading

March 11, 2014 |

In the UK, national authorities including the Financial Conduct Authority and the Bank of England have at last given the CME permission to set up a commodities exchange in the country that will include derivatives such as biodiesel futures. Trading will begin on April 27 after initial trading dates were postponed twice due to delayed […]

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CME says China’s rejection of GMO DDG will lead to a hard time for ethanol

CME says China’s rejection of GMO DDG will lead to a hard time for ethanol

January 7, 2014 |

In Illinois, the CME says ethanol producers are in for a hard time after DDG prices fell 20% following China’s rejection of two shipments because of alleged traces of unapproved GMOs. The country has also rejected 550,000 tons of corn since November because of the appearance of Syngenta MIR 162, which is not approved in […]

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CME and ICE go head-to-head on RIN futures

CME and ICE go head-to-head on RIN futures

April 29, 2013 |

In Chicago and New York, Reuters is reporting that the rivalry between the Chicago Mercantile Exchange and the InterContinental Exchange is heating up with both exchanges launching RIN features just two weeks apart from each other. ICE will be first to the market. CME’s contracts will be based on financial settlement from Argus while ICE […]

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CME to launch RIN contract by end of May

CME to launch RIN contract by end of May

April 8, 2013 |

In Illinois, the Chicago Mercantile Exchange is planning to launch a contract for RINs by the end of May due to the increased attention in the market recently. RINs based on corn ethanol are currently hovering around 75 cents after coming off of record highs of more than a dollar each, while RINs for advanced […]

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CME to drop biofuels from heating oil futures contract from May

CME to drop biofuels from heating oil futures contract from May

January 22, 2013 |

In Illinois, the Chicago Mercantile Exchange says it will contain the fuel spec for its heating oil futures from May to exclude renewable fuel or biodiesel allowing the contract to be used for both northeast heating oil markets as well as transportation diesel.

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Progressive Fuels launches Easy Trade platform for energy, agriculture and biofuel markets

Progressive Fuels launches Easy Trade platform for energy, agriculture and biofuel markets

September 5, 2012 |

In Florida, Progressive Fuels Limited announced the launch of a new trading platform called Easy Trade. PFL developed East Trade in conjunction with Elysian Systems (a subsidiary of The Chicago Mercantile Exchange). Traders, marketers, producers, plants, processers, and other market participants gain transparent real-time direct access to the North American commodity markets for biofuels, energy […]

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Corn and grain futures surge as South American weather declines

Corn and grain futures surge as South American weather declines

January 2, 2012 |

In Illinois, corn and grain futures at the Chicago Mercantile Exchange reached multi-week highs as poor weather in Argentina and Brazil is expected to create crop shortages in South American countries. This hope for a boost in the overseas demand drove the corn futures to 6.4712 a bushel, a 4.17% increase since last week and […]

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CME is developing futures contract for Brazilian ethanol

CME is developing futures contract for Brazilian ethanol

September 27, 2011 |

In Illinois, the Chicago Mercantile Exchange is developing a futures contract for Brazilian ethanol. The company has US-based ethanol futures contracts as well as Rotterdam-based. Details of the contract are still unknown but an announcement from CME regarding the new futures product is expected soon.

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