Thursday, November 15, 2018

There is no drought at the CME



Despite a devastating drought in Australia, a severe drought in Eastern Europe and crop issues in Argentina the average daily volume of CME agricultural futures and options are on the rise.
David Nealis President of Ceres Ltd


Add in the trade war with China which has stunted soybean sales to China many outside observers would believe that anything related to agricultural would be less then exciting but the futures market is acting as it should helping firms to manage their risk making 2018 an exciting year for agricultural futures and options.

So the question many of us are thinking about is will growers plant as many soybeans and corn in 2019 as they did in the previous season?