Chicago Board of Trade

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Commodities Markets in Merger Talks
Commodities Markets in
Merger Talks

Commodities Markets in Merger Talks

Chicago Mercantile Exchange targets New York counterpart in $11B bid

(Newser) - Owners of the Chicago and New York commodities exchanges are in preliminary talks that could end in an $11 billion merger of the two largest commodities markets in the US, reports the New York Times. NYMEX Holdings shareholders would receive $36 and 0.1323 of a share of CME's common...

Global Food Prices Soar
Global Food Prices Soar

Global Food Prices Soar

Wheat and rice futures reach new highs; costs sure to be passed on to consumers

(Newser) - Expect another surge in the cost of breakfast cereal: The benchmark price for wheat rose above $10 a bushel for the first time today, further fueling the inflation in global food costs that kicked in last summer. Benchmark prices for rice futures also hit a new high, and corn and...

Mercantile Merger Creates Super Market

Chicago exchanges combine in $12B deal

(Newser) - Chicago's Board of Trade and the Mercantile Exchange—bitter rivals for decades—will merge to form the world's largest derivatives market in a deal worth close to $12 billion, the Chicago Tribune reports. The merger ends months of jockeying and speculation as another suitor, Atlanta-based Intercontinental Exchange, failed to mount...

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