Search
 

Traders Face Curbs on Commodities Speculation

New CFTC proposal would limit the number of futures contracts a company can hold in 28 commodities.

By Dave Michaels, Bloomberg | Updated on November 06, 2013

Traders would be limited in the positions they can hold in oil, wheat, gold, and other commodities under a proposal approved by the U.S. Commodity Futures Trading Commission (CFTC).

The CFTC proposal, approved on a 3-to-1 vote yesterday, would cap the number of futures contracts a company can hold in 28 commodities. The limits were sought by Congress after airlines, trucking firms, and consumer groups blamed speculators for surging fuel prices in 2008. Among the measure’s supporters was Commissioner Bart Chilton, who yesterday announced that he would soon step down from the agency.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Why Companies Are Racing to the U.S. Debt Market

Why Companies Are Racing to the U.S. Debt Market

Caleb Mutua & Jeannine Amodeo |

Borrowing costs have become compelling, as markets are already pricing in expectations for reduced interest rates. And several external factors could reverse that trend.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.