CFTC ag advisory committee meets

CFTC ag advisory committee meets

CFTC meeting topics include position limit rules, what constitutes deliverable supply and bona fide hedgers.

THE Commodity Futures Trading Commission's (CFTC) Agricultural Advisory Committee met last Tuesday for the first time since July 2013, allowing a new wave of commissioners to hear from market participants on key issues pertinent to the industry, most notably how to calculate a deliverable supply for commodities in establishing position limits and what constitutes a bona fide hedger.

New CFTC chairman Timothy Massad opened the meeting and noted that

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