November 30, 2011

MF global bankruptcy impacts agriculture industry

After the fall of MF Global Holdings Ltd, there is major concern for the agriculture the effect of the collapse MF Global Holdings has prompted many questions about the safety of futures trading. Part of this is due to the customers accounts of MF Global being frozen and the concern that the hard earned farmers and ranchers funds could be lost. MF Global has reportedly “lost” customer funds frequently cited in the US$1.2 billion (€900 million) range through a suspected series of unusual, perhaps illegal, transactions. Former MF Global Chairman and CEO, Jon Corzine (once New Jersey governor and senator) has a long list of questions to answer. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.
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