April 23, 2008
CFTC Puts on Hold Changes in Face of Agriculture Industry Concerns
The CFTC placed on hold proposals that would have raised the amount that financial speculators could hold and would have exempted commodity index funds from those limits. At a hearing representatives from the agricultural industry, who use commodity futures as a hedge against declines in crop prices, blamed speculators for the increased volatility in agricultural futures. NYTimes, Regulators Back Away From Changes to Commodity Hedging.
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