Wing supply wanes as commodity prices gain
Those percolators of pizza brand sales nationally, known as chicken wings, are running short of demand, causing prices paid for the favored edibles to go up as suppliers struggle to keep up. Meanwhile, rising pizza commodity prices are also helping to put pressure on operators bottom lines.
Photo: iStock.
The term, on a wing and a prayer has taken on new meaning for the many pizza restaurateurs who depend on chicken wing orders to flesh out their sales. That comes as the result of a nationwide shortage in the commodity that has helped to double prices over the past year and left some pizza operators resorting to those less costly and more plentiful amalgams of chicken breast meat, known as boneless wings to fill the void, according to WLTX-TV in Columbia, South Carolina, a big chicken-producing state.
But corn, soy, and wheat are all slated to post weekly gains on record rallies
Corn down 5-7 cents
Wheat down 1-5 cents Prices as of 6:50 am CDT.
Happy Friday! May options expire today, which led to a flurry of buying in yesterday’s trading session as option sellers bought futures contracts to offset their short option positions. May futures contracts move into delivery next Friday, April 30.
Chicago corn futures closed up the limit in yesterday’s trading session as cool weather continues to fuel concerns about slow germination rates and planting delays across the Heartland – which would invariably lead to few acres planted this year when supplies are already forecast to be the sixth-tightest on record. Revived ethanol production also supported yesterday’s eye-popping gains as ADM ethanol plants in Cedar Rapids, Iowa and Columbus, Nebraska come back online after idling during the pandemic.
MIAX And SIG Index Licensing To Launch Corporate Tax Rate Futures On MGEX New Futures - Contracts Provide An Innovative Tool To Manage Tax Risk; Set To Launch On May 24, 2021 Date
22/04/2021
MIAX®, creator and operator of high-performance securities exchanges, products and services, and SIG Index Licensing, LLC (SIG Index Licensing) will launch cash-settled futures contracts on SIG Index Licensing’s U.S. Corporate Tax Rate Index. The new futures contracts will begin trading on May 24, 2021.
Corporate Tax Rate Futures will offer corporations and investors an efficient way to manage risk in uncertain corporate tax rate environments. The futures contracts will be the first of their kind and come at a time when global corporate tax rates are subject to changing governmental corporate tax policy and post-stimulus tax recovery plans.
MIAX and SIG Index Licensing to Launch Corporate Tax Rate Futures on MGEX
Set to Launch on May 24, 2021
PRINCETON, N.J., April 22, 2021 /PRNewswire/ MIAX
, creator and operator of high-performance securities exchanges, products and services, and SIG Index Licensing, LLC (SIG Index Licensing) will launch cash-settled futures contracts on SIG Index Licensing s U.S. Corporate Tax Rate Index. The new futures contracts will begin trading on May 24, 2021.
Corporate Tax Rate Futures will offer corporations and investors an efficient way to manage risk in uncertain corporate tax rate environments. The futures contracts will be the first of their kind and come at a time when global corporate tax rates are subject to changing governmental corporate tax policy and post-stimulus tax recovery plans.
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PRINCETON, N.J., April 15, 2021 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, today announced expanded roles for two key members of company senior management and the addition of two new vice presidents in MIAX Futures. The appointments will play a key role in MIH s futures and proprietary product expansion efforts.
MIH is pleased to announce the following expanded roles for members of senior management:
Mark G. Bagan has been named Executive Vice President, U.S. Futures Strategy of MIH. In this capacity, he will oversee the company s overall futures strategy. Bagan will also continue in his current role as President and Chief Executive Officer of the Minneapolis Grain Exchange (MGEX), an MIH exchange subsidiary.