Another Interesting Snippet

Posted by Nogger - a legend in his own mind at 11:59 | Categorized as

11/07/12 -- The CME "move the goalposts at a minute's notice" Group yesterday raised the margin call requirements for soybean and soymeal by 20%. This comes as news broke that Iowa-based broker PFGBest "collapsed after regulators accused it of misappropriating customer funds for more than two years" according to Reuters.

You can read the Reuters story about PFGBest here

Talking of moving the goalposts, seeing as the USDA report is out at 13.30 BST the Chicago daytime session opens early at 13.20 BST today.