The House Judiciary Committee is poised to pass a series of immigration bills that focus exclusively on enforcement, which would be devastating to agriculture and the rural economies it supports, the American Farm Bureau Federation warns. A Farm Bureau-commissioned study released in February 2014 showed that labor shortages resulting from enforcement-only reform would cause production to fall by $30 billion-$60 billion, while food prices would climb by 5-6 percent.
CME Group's recent announcement regarding the scheduled July 2 closing of most futures trading pits has triggered a range of reactions. News stories have covered related issues such as displaced floor traders and the effect on membership or "seat" prices, but there has been little discussion about the impact of these closings on the performance of the agricultural futures markets used by farmdoc daily readers. This article examines three questions of interest to market participants.