SMOKE BEGINS TO CLEAR IN US COMMODITIES REFORM
January 1st, 2012
BY ROBERT STOKES
THIS is a watershed year for futures and options trading in commodities, including bio-based oils and fats. In America, the Commodities Futures Trading Commission (CFTC), the official watchdog, has just been implementing new rules intended to make it harder for the system to be exploited by financial speculators driven solely by short-term profit motives.
Lobbying by industry players who use futures to balance supply and demand and hedge against loss is continuing as the CFTC moves towards a completion date later this year for a final tranche of ...
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