Reflecting the ever-increasing growth and development in biofuels, Feed & Grain will be devoting a section of each issue to the people and products in the industry, with featured facilities, news and product spotlights.
Trusted company gets a new role
The Chicago Board Of Trade appointed FCStone to head up market making for ethanol futures six months ago and they couldn't be happier with the results.
The Chicago Board Of Trade appointed FCStone to head up market making for ethanol futures six months ago and they couldn't be happier with the results.
By Elise Sommerfeldt
Ask any corn farmer or producer what to invest in and you'll get a clear and resounding answer: ethanol. Of course, they see the promise of reducing the U.S. foreign oil dependency, the opportunity to clean up emissions, and a way to reawaken and revitalize rural economies. But what else makes ethanol a profitable investment?
FCStone Trading, LLC (FCStone), one of the Chicago Board of Trade's (CBOT) designated market makers for ethanol futures has some insight to this answer.
FCStone is part of FCStone Group, Inc., a fully integrated commodity risk management firm specializing in maximizing operating profits and expanding merchandising efforts for its commercial customers, including biodiesel and ethanol plants.
Since obtaining the position in February of 2007, open interest in ethanol futures has skyrocketed and FCStone is looking forward to maintaining that interest.