The Commodity Futures Trading Commission is considering eliminating waivers on position limits in wheat trading:
The [Senate] subcommittee [on Investigations] released a study in June that showed wheat prices were inflated by index investors last year. It called for the elimination of waivers that allow funds to hold more than 6,500 Chicago Board of Trade contracts at any one time, which would lower the influence of non-agricultural buyers and curb speculation. [CTFC Chairman] Gensler said earlier this month the CFTC, which currently grants waivers for agricultural products, also is considering limits on holdings by oil and gas speculators.
It's been a while since I've seen stuff like this, and I can't quite remember the word for it....Oh....Yes....It's called
regulation.
No comments:
Post a Comment