Bill would allow more time to cover margin on trades
A bill proposed by Sens Pat Roberts of Kansas and Heidi Heitkamp of North Dakota would give futures customers more time to provide the funds to cover their margin requirements following a trade. A CFTC rule says the money must be deposited by the morning following a trade. Roberts and Heitkamp say the deadline should be the close of business on the day after a trade - easier for end users to satisfy.
U.S. corn, soybean supplies are smaller than expected
Strong overseas demand for U.S. corn and soybeans will mean smaller than expected stockpiles in coming months, the government said in a monthly update of crop output and usage worldwide.