CME and CBOT to Merge

CHICAGO, Oct. 17, 2006 – Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME) and CBOT Holdings, Inc. (NYSE: BOT) today announced they have signed a definitive agreement to merge the two organizations to create the most extensive and diverse global derivatives exchange. The combined company, to be named CME Group Inc., a CME/Chicago Board of Trade Company, is expected to transform global derivatives markets, creating operational and cost efficiencies for customers and exchange members, while delivering significant benefits to shareholders. Corporate headquarters of the combined organization will remain in Chicago.-source

Jim Rogers International Commodity Index

It is almost impossible to run a blog about commodities without reminding Jim Rogers – a living legend in our modern investment / trading world.

Much has been said about Jim Rogers who made his fortune as a Soros Quantum fund partner. Mr. Jim Rogers developed the Rogers International Commodity Index (RICI) which tracks the price of 35 commodities futures from Crude Oil through Gold and Silk. Since November 2005 the Rogers International Commodity Index is tracked by the Rogers TRAKRS contract which trades at the Chicago Mercantile Exchange – CME.

Jim Rogers is the Author of three books:

Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.


Adventure Capitalist: The Ultimate Road Trip.


Investment Biker: Around the World with Jim Rogers.

Listen to Jim Rogers Interview - HoweStreet.com

Frozen Pork Bellies Futures (CME: PB) Elliott Wave count

Frozen Pork Bellies Futures and Options on Futures are trading at the Chicago Mercantile Exchange(CME).

Contract Size = 40,000 pounds of frozen pork bellies, cut and trimmed.

Live Cattle Futures (CME: LC)

Live Cattle Futures and live cattle options on futures are trading at the Chicago Mercantile Exchange (CME).
Contract size = 40,000 pounds.






Gold Spot Blog

Random Length Lumber Future (CME: LB)

Random Length Lumber Futures are trading at the Chicago Mercantile Exchange(CME) since 1969. The Lumber future contract offer price protection to the forest products industry. Firms engaged in producing, processing, marketing or using lumber are able to hedge their risk exposure. The North American lumber market is valued at 30 billion $.

Random Length Lumber Futures contract size = 110,000 board feet (one 73’ flat car) of random length 8’ – 20’ foot softwood, the type used for rehabbing and construction. Options contracts are also available.