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☆ Explainer: Wall Street's market glitches and the repercussions
▼ + stars: | 2023-01-24 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

This led some market participants to voice complaints that increasingly automated trading posed a systemic risk. Others saw such a shocking market tumble as an outlier, and the cost of progress, that just needed additional guardrails in order to avoid a repeat. In 2012, the benchmark index for the circuit breakers changed to the S&P 500 (.SPX) and the percentage levels needed to trigger the trading halt were lowered. There have been instances, of varying severity, since the 2010 crash where trading was unable to take place. Others included a three-hour trading halt on Aug. 22, 2013 and the Aug 2015 session that saw trading halted for nearly four hours.

☆ Premarket stocks: Bruised tech investors are hedging their bets
▼ + stars: | 2023-01-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —There are two certainties in today’s market: The tech sector has been beaten down and interest rates are higher. What’s happening: Investors are purchasing put options, a bearish bet that a stock will fall during a set period of time, on certain tech stocks at historic rates. The losses also created a booming market for investors who hold put option contracts that allow investors to sell shares of these stocks at a price higher than their current levels. Rising interest rates also dried up the easy money tech companies relied on to fuel big bets on future innovations, and cut into their sky-high valuations. Beyond that, the growing number of layoffs may also give certain tech companies some cover to take more severe steps to trim costs now than they may have otherwise done.

☆ Mexico not buying U.S. yellow corn as GM ban looms, Lopez Obrador says
▼ + stars: | 2022-11-09 | by ( Marianna Parraga | ) www.reuters.com time to read: +3 min

The United States wanted to sell Mexico more yellow corn and Mexico declined, Lopez Obrador said in a regular news conference. "There is a market for it, but the government cannot make a purchase because we do not want GM," Lopez Obrador said, citing a lack of scientific investigation into its effects. Lopez Obrador did not specify who made the request to sell more corn, the amount of the requested sale or the time frame. Mexico is ready to halve its U.S. imports of yellow corn when the decree goes into effect and is considering direct agreements with farmers to secure non-GM yellow corn imports, the country's deputy agriculture minister said in October. Chicago Board of Trade corn futures fell on Wednesday after the news, with the benchmark December contract down 6 cents a bushel at a two-month low of $6.61-1/2 a bushel.

What this portends for stocks going into year end is unclear, but given how low volatility is just now it is reasonable to assume investor demand for protection and hedging will rise. Afraid of missing out on a year-end rally, investors are now paying a premium for equity 'call' options over 'puts'. Benchmark volatility gauges like the VIX index of implied vol on the S&P 500 or the V2TX index of implied vol on euro stocks rise when demand for put options spikes. The VIX has fallen recently to near a two-month low even as the S&P 500 has surged into the green and lurched back into the red. By mid-October the S&P 500 was down 25% and ripe for a bounce.

☆ Billionaire female financier on why your daughters should play poker
▼ + stars: | 2022-11-06 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Capital allocation, for example, is a skill that poker can help to improve, because allocating chips in a poker game is a form of capital allocation. That seat at the table imbalance is one where the world of poker replicates the world of business. Just cited an estimate of over 100 million people in the world playing poker today, and less than 10% of those players being women. "That poker table has a forcefield around it," she said, and it "feels an awful lot like the meeting room. Poker, ultimately, is about more than making money — each lesson is focused on a higher-level mission.

☆ Wheat retreats on hopes Ukraine's grain shipments may continue
▼ + stars: | 2022-11-01 | by ( Michael Hogan | ) www.reuters.com time to read: +2 min

Summary Grain flowing out of Ukraine despite Russia ending shipping dealU.S. winter wheat suffers from drought - USDASoybeans rise, hopes of China buyingHAMBURG, Nov 1 (Reuters) - Chicago wheat and corn futures fell on Tuesday as grain shipments continued from Ukraine despite Russia suspending its participation in an export agreement for a safe shipping channel from Ukrainian ports. Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil - including road blocks - after the presidential election. Chicago Board of Trade most-active wheat was down 1% to $8.73-1/4 a bushel at 1138 GMT, while corn was down 0.3% to $6.89-1/4 a bushel. Markets surged on Monday after Russia suspended its involvement in an agreement allowing Ukraine to make grain and other food shipments in a safe Black Sea shipping corridor. “Wheat and corn are weakened today on expectations the safe shipping channel for Ukraine’s exports may not be ended but could continue in some form,” said Matt Ammermann, StoneX commodity risk manager.

☆ Wheat retreats as Ukrainian shipments continue despite Russia's pullout
▼ + stars: | 2022-11-01 | by ( Naveen Thukral | ) www.reuters.com time to read: +3 min

Soybeans gained more ground, climbing to their highest in more than a month, while corn ticked lower. "While Russia pulled out of the export grain corridor deal from Ukraine, there was still grain flowing out of Ukraine," Hightower said in a report. Ukrainian President Volodymyr Zelenskiy said on Monday that his country would continue exporting grain from its Black Sea ports because the shipments offered stability to world food markets. The U.S. Department of Agriculture (USDA) on Monday rated 28% of the U.S. winter wheat crop in good-to-excellent condition, the lowest for this time of year in records dating to 1987, underscoring the effects of persistent drought in the Plains wheat belt. Commodity funds were net buyers of CBOT wheat, soybean, corn, soyoil and soymeal futures contracts on Monday, traders said.

☆ Wheat eases from 2-week top on Black Sea supplies; soy, corn down
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +3 min

Soybeans and corn lost ground after closing higher on Monday with a rapid pace of U.S. harvest weighing on prices. * Losses in the wheat market were curbed by dryness hitting the U.S. winter crop. For corn, the harvest was 76% complete, ahead of the average analyst estimate of 75% and the five-year average of 64%. * Commodity funds were net buyers of CBOT wheat, soybean, corn, soyoil and soymeal futures contracts on Monday, traders said. DATA/EVENTS (GMT)0030 Japan JibunkBK Mfg PMI Final SA Oct0145 China Caixin Mfg PMI Final Oct0330 Australia RBA Cash Rate Nov0700 UK Nationwide house price MM, YY Oct0930 UK S&P GLBL/CIPS Mfg PMI Final Oct1345 US S&P Global Mfg PMI Final Oct1400 US ISM Manufacturing PMI OctU.S. Federal Reserve's Federal Open Market Committeestarts its two-day meeting on interest ratesReporting by Naveen Thukral; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Wheat up 6% after Russia quits Black Sea pact; corn, soy firm
▼ + stars: | 2022-10-31 | by ( Julie Ingwersen | ) www.reuters.com time to read: +2 min

CHICAGO, Oct 31 (Reuters) - U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose 1.6% on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. Chicago Board of Trade December wheat settled up 53 cents at $8.82-1/4 per bushel after reaching $8.93-1/4, the contract's highest since Oct. 14. CBOT December corn ended up 10-3/4 cents at $6.91-1/2 a bushel and January soybeans finished up 19-1/4 cents at $14.19-1/2 a bushel. Reuters GraphicsReuters Graphics"The grain and oilseed markets rose sharply overnight, led by wheat, as food shortage fears rise again after Russia pulls out of the Black Sea trade agreement," StoneX chief commodities economist Arlan Suderman said in a client note. Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea.

☆ Wheat climbs 5% to 2-week high as Russia suspends Black Sea agreement
▼ + stars: | 2022-10-31 | by ( Naveen Thukral | ) www.reuters.com time to read: +2 min

Summary Russia suspends participation in Black Sea grain exports dealWheat futures jump 5%, at highest since mid-Oct, corn up 2%Black Sea wheat, corn supplies at risk on Russia withdrawalU.N., Turkey, Ukraine press ahead with grain exportsSINGAPORE, Oct 31 (Reuters) - Chicago wheat futures jumped more than 5% on Monday and corn rose over 2% as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. Wheat futures hit a record high of $13.64 a bushel in March. "This is an inflationary move, supporting prices of wheat and corn," said a Singapore-based trader. Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea. More than 9.5 million tonnes of corn, wheat, sunflower products, barley, rapeseed and soy have been exported from the Black Sea since July.

☆ Wheat climbs 5.5% as Russia withdraws from Black Sea export agreement
▼ + stars: | 2022-10-31 | by ( Naveen Thukral | ) www.reuters.com time to read: +2 min

Summary Russia suspends participation in Black Sea grain exports dealBlack Sea wheat, corn supplies at risk on Russia withdrawalU.N., Turkey, Ukraine press ahead with grain exportsSINGAPORE, Oct 31 (Reuters) - Chicago wheat futures jumped more than 5% on Monday and corn rose over 2% as Russia's withdrawal from a Black Sea export agreement raised concerns over global grain supplies. "(The market) is going to be overwhelmed in early trade today by Russia suspending its participation in the Black Sea grain corridor during the weekend," said Tobin Gorey, director of agricultural strategy at the Commonwealth Bank of Australia. "Our view has been that wheat futures were adding little premium to prices for the risk that the corridor would close." Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea. Wheat futures hit a record high of $13.64 a bushel in March.

☆ Wheat prices jump by nearly 6% after Russia withdraws from vital Ukrainian export deal
▼ + stars: | 2022-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Anadolu Agency | Anadolu Agency | Getty ImagesGlobal wheat prices rose sharply Monday following Russia's withdrawal from the Black Sea grain export deal over the weekend. The increases come after Russia announced Saturday that it was suspending its involvement in the Black Sea Grain Initiative, which allowed vital agricultural products to be exported from several Ukrainian ports. Zelenskyy and Foreign Minister Dmytro Kuleba accused Russia of starting to sabotage the grain deal in September. Antonov told Russian media on Saturday that Kyiv's "reckless actions" had caused Moscow to suspend implementation of the grain deal. Many of the grain ships that left Ukraine in recent months, under the grain deal, were bound for both European and African ports.

☆ Grain deal: Wheat and corn prices rise as Russia withdraws
▼ + stars: | 2022-10-31 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Ukraine and Russia together account for nearly a third of global wheat exports, according to Gro Intelligence, an agricultural data firm. Russia suspended its participation in the grain deal indefinitely on Saturday, after what it claimed was a drone attack by Ukrainian armed forces on its Black Sea fleet in the Crimean city of Sevastopol. After reaching a record high in March, the UN Food and Agriculture Organization’s global food price index has declined for seven months in a row. Russia’s decision to suspend its participation “is adding immense volatility to global grain prices,” said Tracey Allen, an agricultural commodities strategist at JPMorgan Chase. Twelve vessels left Ukraine’s Black Sea ports on Monday, Ukraine’s Minister of Infrastructure Oleksandr Kubrakov said on Twitter.

☆ Chicago to Convert Famous Business District Office Buildings to Apartments
▼ + stars: | 2022-10-10 | by ( Peter Grant | ) www.wsj.com time to read: 1 min

Chicago’s LaSalle Street is best known as the historic home of the Chicago Board of Trade and most of the city’s largest banks and law firms. Chicago is offering financial help to developers willing to convert aging office towers into residential buildings, a new program that could become a test case for other cities looking to promote these office conversions. City officials said last week they would provide tens of millions of dollars in subsidies to revitalize the LaSalle Street corridor whose landmark office buildings made up the thriving center of Chicago business for decades. Since the pandemic, though, the strip’s mostly vacant streets and towers have come to symbolize the slow pace that employees have been returning to office buildings.

☆ Russia's wheat harvest could hit a record 100 million tons this year, but a perfect storm of economic conditions is keeping it from being exported
▼ + stars: | 2022-09-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Russia's wheat harvest could hit a record 100 million tons this year, according to SovEcon. The country's wheat harvest could hit a record 100 million metric tons this year, according to SovEcon, a research firm focused on Black Sea grains and oilseeds. Russia is the world's top wheat exporter, accounting for about one-fifth of the world's wheat exports, according to US Department of Agriculture data. SovEcon's forecast is a 33% increase over the country's 75.2 million-ton wheat harvest last year, according to the USDA. The inter-government International Grain Council forecasts global wheat production at 792 million tons this year — which is more than its global consumption forecast of 785 million tons, according to the council's report released on Thursday.

[1/3] Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey November 2, 2022. The agreement, reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages, with Ukraine's customers including some of the world's poorest countries. So far, some 9.76 million tonnes of agricultural products have been shipped, predominately corn, but also volumes of soybeans, sunflower oil, sunflower meal and barley. A drop in shipments from major exporter Ukraine has played a role in this year's global food price crisis, but there are also other important drivers. At the start of the conflict there were around 2,000 seafarers from all over the world stranded in Ukrainian ports.

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