CMC Recaps Position Limits Rulemaking

On yesterday’s member-only policy call, CMC staff, having just returned from the CFTC’s public meeting where they finalized the position limits rule, appraised members regarding the rule’s salient points. One of our members also took the opportunity to report on the recent USDA data users meeting.

CMC members and staff are awaiting final documents from the CFTC on position limits in the federal register, but there is much angst and concern among the membership about what the rule means for their businesses. CMC has been very actively engaged with CFTC Commissioners and staff, and other trade associations, on the bona-fide hedging portion of the position limits rule. Recently, CMC had the opportunity to testify on the subject before the House Agriculture Committee and the House Financial Services Committee.

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