NEWS
Kub's Den
Elaine Kub Contributing Analyst
Tue May 15, 2012 10:36 AM CDT

May 14, 2012, was the first day in history that a brand new group of grain futures contracts became available to traders: the ICE contracts for corn, wheat, and the soybean complex.

For the past 135 years, four months and 12 days, there has only been one, standard, universally recognized, "official" source of prices for the future market values of corn and feed wheat within the United States. For soybeans, the reign of the single benchmark stretched 75 years, seven months, and nine days. Now, however, as of May 14, 2012, anyone looking for a futures price for dollar-denominated grain ...

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