DB1: Eurex CEO Andreas Preuss stated that the EU’s decision to delay the introduction of its OTC clearing mandate to 2015 is “unfortunate” and creates an “implemented disadvantage” for the aim of increasing safety in the sector, as reported in Risk.net.
Chad Burlet and Bob Otter became friends when Burlet directed the cash/futures convergence trade for Cargill and Otter executed Cargill’s soybean trades on the floor of the CBOT. More than 30 years later that friendship turned into a partnership leading to the creation of Third Street Ag in 2012.
Coffee was higher again yesterday in quiet trading. Some of the buying in London was tied to a tropical cyclone that has moved into Vietnam early this week and could cause some losses to coffee production.