Chicago Whistleblower-Lawyer Team Featured on Fraud in America Podcast prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Five years after the 2016 referendum that dealt it a heavy blow, the pound is less than ten cents below its pre-Brexit exchange rate against the dollar. But making up that final stretch of ground could prove tough.
1. Wheat Futures Lower, Corn and Beans Turn Higher Wheat futures fell overnight as rain falls in parts of the southern Plains, providing moisture for growing hard-red winter crops. Some parts of the region, however, may see severe weather from the thunderstorms. The U.S. Department of Agriculture last week said the wheat crop in Kansas, the biggest producer of the grain, will grow 18% year-over-year to 331 million bushels. The average yield is pegged at 48 bushels an acre, up from 45 bushels a year earlier, the USDA said. Harvested acres are seen at about 6.9 million, up from roughly 6.25 million last year. About 38% of the U.S. winter-wheat crop was headed as of last week, which was behind the prior five-year average of 46%. The USDA will update its weekly crop progress report today.
Fearless Grain Marketing and Jeremey Frost seek $8.5M in arbitration
Jeremy Frost is seeking $8.5 million in a National Grain and Feed Association arbitration against Indigo Ag of Memphis. Indigo Ag has asked a federal judge to deny Jeremey Frost’s request to dismiss their lawsuit against him and his Fearless Grain Marketing company. The South Dakota Public Utilities Commission so far has not sued Frost and Fearless in a state/county court for allegedly buying and selling grain without a license. Amanda Reiss, SDPUC attorney, says the agency hasn’t yet filed a case in a state court against Frost.
Risk.net US Treasuries: a venerable market in need of fresh thinking
The world’s most important market has evolved ad hoc; bringing order to it will be no small task
The US issued its first Treasury bonds to pay for the war of independence in the eighteenth century. The first Treasury bill auctions were held almost a century ago, during the Great Depression in 1929. Since those troubled times, US Treasuries have become one of the most liquid and reliable assets in the world.
But that reliability cannot be taken for granted. The past year has seen new stresses in the market, with auctions stumbling as issuance surges. The structure of the market and the mix of participants have changed, with trading technology evolving quickly over the past decade. The sheer dependability of Treasuries, however, combined with the fragmented US regulatory landscape, has meant no-one has ever taken a comprehensive look at how the entire market functions.