Intercontinental Exchange (ICE) is an American company that owns and operates financial and commodity markets and exchanges.
ICE was founded in 2000 and became a public company on November 16, 2005; it was added to the Russell 1000 Index on June 30, 2006.
At the time of foundation, the main activity of the company was energy products; however, through various acquisitions, the company’s operations have expanded to include other commodities, currency exchange, and stock index futures.
Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture.
Futures contracts are financial derivatives that oblige the buyer to purchase some underlying asset (or the seller to sell that asset) at a predetermined price and date in the future.
Gross Processing Margin (GPM) is the difference between the cost of a commodity and the revenue generated after the commodity has been sold as a finished product.
In the financial arena, the term hardening is commonly used to refer to a period of rising prices and decreasing volatility, especially in commodity trading.
A horizontal spread is a simultaneous long and short position in derivatives for the same underlying asset and strike price, but with different expiration dates.
centner (abbreviated as CWT) is a standard unit of weight or mass used in some commodity markets. It can also be used to determine the price of small batches of goods.