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After suing feds for contempt, Kraft Foods attempts second settlement in wheat market manipulation case

The U.S. Commodity Futures Trading Commission and Kraft Foods Group, Inc. have reached a tentative second out-of-court agreement in an ongoing saga that stemmed from the food company’s alleged wheat futures market manipulation nearly a decade ago.

February 17, 2020 |

A 10-minute delay of key USDA reports gave some people an advantage. Here’s why.

Each month, the United States Department of Agriculture releases a series of reports that analysts, grain traders, investors and farmers use to make decisions or buy and sell commodities.

But on Friday, November 8, two of those USDA reports - World Agriculture Supply and Demand Estimate (WASDE) and the Crop Production report – were delayed by at least 10 minutes.

November 19, 2019 |

Agriculture is one of the biggest contributors to climate change. But it can also be a part of the solution.

The global food production system, which includes agriculture, accounts for more than a third of manmade greenhouse gases, according to an August report from the United Nations’ Intergovernmental Panel on Climate Change.

And while past focus has been on industries such as fossil fuels and transportation, new attention is being put on agricultures role in the climate change solution. On September 18, a coalition representing 10,000 farmers and ranchers delivered a letter to congress supporting the Green New Deal, a congressional resolution to transition the United States to 100 percent clean energy by 2030.

Farming, more than any other industry, might be the best hope for curbing climate change. September 27, 2019 |

Kraft, Mondelez agreed to pay $16 million for allegedly manipulating the wheat market. Now, they’re complaining the feds talked about it.

Two of the biggest food companies in the U.S. were fined a $16 million penalty for allegedly manipulating the wheat market for its own gain as part of a settlement agreement reached in August. When the federal agency posted a news release about it, the two food companies complained the agency broke its part of the agreement.

September 4, 2019 |