Firms accused of "manipulating" the wheat market

Cargill and ABF owned firm has been accused of manipulating the wheat market, traders reported that Frontier Agriculture bought all available May future contacts on the London International Financial Futures. It has been described as an unprecedented move and an attempt to manipulate the market, which Frontier denies. However Frontier has taken delivery of about 222,000 tons of feed wheat now worth about UK£40 (US$65.46) million. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers