Latest news with #CommodityFuturesTradingCommission
Yahoo
a day ago
- Business
- Yahoo
Drought Conditions Are Setting In. How Much Higher Can Wheat Prices Go?
September soft red wheat futures (ZWU25) present a buying opportunity on more price strength. See on the daily bar chart for September soft red winter wheat futures that prices are now trending higher and this week hit a nearly three-month high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line has this week moved above the blue trigger line and both lines are trending up. The wheat bulls have the near-term technical advantage to suggest more price upside in the near term. Sugar Futures Remain Bearish- Can the Sweet Commodity Rally? Drought Conditions Are Setting In. How Much Higher Can Wheat Prices Go? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Fundamentally, weather in U.S. wheat country now leans a bit price-friendly. Net drying is expected across the Plains today into Sunday, with extreme heat and winds as a high-pressure ridge builds in. Also, Krasnodar, one of Russia's largest grain-producing regions, has declared a state of emergency due to drought. Earlier this month, Rostov, another large grain-producing region in Russia, announced a state of emergency due to drought. A move in September SRW wheat futures above chart resistance at this week's high of $5.91 would become a buying opportunity. The upside price objective would be $6.60 or above. Technical support, for which to place a protective sell stop just below, is located at $5.63. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Standard
5 days ago
- Business
- Business Standard
Pound speculative net longs jump to 7-month high
Large currency speculative net long positions in the Pound futures market jumped, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 51634 contracts in the data reported through June 10, 2025. This was a weekly increase of 16419 net long by Capital Market - Live News
Business Standard
5 days ago
- Business
- Business Standard
Euro speculative net longs climb to 9-month high
Large currency speculators in the Euro futures market added net longs, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 93025 contracts in the data reported through June 10, 2025, its highest level in three weeks. This was a weekly addition of 10261 net long by Capital Market - Live News
Time of India
13-06-2025
- Business
- Time of India
Coinbase to launch CFTC-compliant perpetual futures trading in US
Live Events -Coinbase plans to launch perpetual futures trading in the United States, with the offering set to comply with regulatory standards outlined by the Commodity Futures Trading Commission, a top executive at the crypto exchange said on crypto markets buoyed by hopes of lighter regulation and a renewed risk appetite, exchanges are racing to capitalize on the frenzy by rolling out complex products that were once used primarily by seasoned traders."We recently launched first-of-its-kind 24/7 futures trading, and I'm excited to share that we'll soon be launching CFTC-compliant perpetual futures trading in the U.S. as well," Max Branzburg, Coinbase 's vice-president of product, said at the State of Crypto Summit in New futures are crypto derivatives that allow traders to bet on token prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving and traders typically use derivatives to hedge risk, amplify returns, or speculate on price movements without owning the underlying asset.
Yahoo
12-06-2025
- Business
- Yahoo
Acting CFTC Chair Caroline Pham on crypto regulation: There is no easy street for anybody
One core plank of the crypto bull thesis is that regulation will be lax under the Trump administration. While that may prove true relative to Biden's White House, crypto faithfuls shouldn't think regulators will be pushovers and allow the market to run amok with suspect products. "There is no easy street for anybody, and regulators aren't easy. So just because we are pro-innovation and pro-growth does not mean that you're going to be able to get away with breaking the law," acting Commodity Futures Trading Commission chair Caroline Pham told Yahoo Finance at the Coinbase (COIN) Annual Summit on Thursday (watch above). "And this is where I'm talking about not twisting the law to criminalize an asset class or a technology, but I'm talking about lying, cheating, and stealing." Pham was designated acting CFTC chair on Jan. 20, 2025. She was sworn in as a CFTC commissioner on April 14, 2022. The CTFC is a small but powerful agency that oversees the multitrillion-dollar derivatives market. Derivatives help businesses hedge against price swings in everything from coffee to foreign currency. Congress could be close to passing legislation to regulate the crypto market. The CFTC stands to oversee the spot markets for bitcoin and other digital assets that don't qualify as securities. The CFTC has also aimed to prevent the proliferation of betting markets. Companies such as Robinhood (HOOD) and Kalshi continue to look to these markets — which allow for wagers on things like presidential elections and sports —as a future growth mechanism. This deregulatory evolution of the CFTC may fall on the doorstep of a16z crypto policy head Brian Quintenz. Pham and commissioner Kristin Johnson have both announced plans to depart the CFTC, potentially leaving Quintenz as the sole commissioner for a time if he receives Senate approval. "He's had a very clear record as a commissioner that speaks for itself, and I'm looking forward to it," said Pham, who was previously a managing director at Citi. She added that she hasn't yet decided on her next career steps. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio
