CFTC considering restrictions on wheat trades

The Associated Press has a story about the Commodity Futures Trading Commission (CFTC) considering restrictions in the wheat futures market after a year-long investigation by the investigative panel of the Senate Homeland Security and Governmental Affairs Committee raised concerns that excessive speculation has artificially inflated prices, hampering risk management by farmers and grain processors. READ HERE

Senate probe finds excessive speculation in wheat markets

A story by Reuters about a U.S. Senate report finding excessive speculation in wheat markets: Commodity index traders had snapped up more than 200,000 wheat contracts by mid-2008 that helped fuel last year’s record jump in prices, which ended up raising costs for both industry and consumers, according to a  year-long bipartisan Senate probe. The [...]