chicago board of trade

Wheat Prices Spike After UN Warns of China Drought

Wheat prices reached their highest prices in more than two years after a United Nations agency warned that China may face a wheat-supply shortage because of a recent drought, The Wall Street Journal reported.

Traders Don't Expect Fed to Raise Interest Rate in 2011

A dismal jobs report Friday means federal interest rates are likely to stay low for some time. Interest-rate futures traders, who previously anticipated that the Fed would raise rates at the end of next year, now believe the Fed won't raise rates until mid-2012.