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    • Robotics team wins big in international competition October 16, 2018
      University robot rolls into the winner’s circle at international competition. BONNIE MOSEN reports. The post Robotics team wins big in international competition appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • Blind patrons catered for at Nutcracker performances October 16, 2018
      The Nutcracker ballet will offer audio description to blind audience members. BONNIE MOSEN reports. The post Blind patrons catered for at Nutcracker performances appeared first on NewsWire.co.nz.
      Bonnie Mosen
    • LISTEN: New Zealanders like their internet without limits October 15, 2018
      Broadband use is rising rapidly In this country. LEAH TEBBUTT reports. The post LISTEN: New Zealanders like their internet without limits appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • LISTEN: Calls for change to benefit system October 15, 2018
      The Green Party wants an overhaul to the benefit system. LEAH TEBBUTT reports. The post LISTEN: Calls for change to benefit system appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Benefit system failing the most vulnerable October 15, 2018
      Green Party are changing the benefit system. LEAH TEBBUTT reports. The post Benefit system failing the most vulnerable appeared first on NewsWire.co.nz.
      Leah Tebbutt
    • Rainbow crossing a small step in the right direction October 15, 2018
      Members of the rainbow community say Wellington’s new rainbow crossing is a sign of visibility and pride for the capital. The crossing which was officially opened last week was a collaborative effort between the Wellington City Council and the rainbow community. Support group, Inside Out’s national coordinator, Tabby Besley says the crossing is important for […]
      Leah Tebbutt
    • On yer bike! October 15, 2018
      The post On yer bike! appeared first on NewsWire.co.nz.
      Jayden Tamarua
    • WATCH: Cats Protection League needs your help October 15, 2018
      Cashless society is bad news for Cats Protection League. COURTNEY DAY reports: The post WATCH: Cats Protection League needs your help appeared first on NewsWire.co.nz.
      Courtney Day
    • PHOTO ESSAY: Colourful crossing opened October 15, 2018
      A colourful street party marks the official opening of Wellington’s new rainbow crossing. MOLLY HANCOCK documents the occasion. The post PHOTO ESSAY: Colourful crossing opened appeared first on NewsWire.co.nz.
      Molly Hancock
    • LISTEN: Fun day highlights homelessness October 15, 2018
      A community fun day helps raise awareness on World Homeless day. NIKITA RAWNSLEY WRATT reports. The post LISTEN: Fun day highlights homelessness appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
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Senate probe finds excessive speculation in wheat markets

A story by Reuters about a U.S. Senate report finding excessive speculation in wheat markets:

Commodity index traders had snapped up more than 200,000 wheat contracts by mid-2008 that helped fuel last year’s record jump in prices, which ended up raising costs for both industry and consumers, according to a  year-long bipartisan Senate probe.

The report found large wheat purchases on the Chicago Mercantile Exchange pushed up futures prices, disrupted convergence between futures and cash prices and increased costs for farmers, the grain industry and consumers. READ HERE.

And for those diehard fans of Commodify Me! who are also interested to see what impact speculation and the ensuing speculative bubble had on oil prices in 2008, then please read the transcript of a 60 Minutes story on CBS :  Did Speculation Fuel Oil Price Swings?

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