Regulation

CFTC delays rules for agricultural traders

The Commodity Futures Trading Commission (CFTC) is delaying new hedging rules for agricultural commodity traders.

Commodity traders are facing new speculative position limits for 28 agricultural commodity futures and options contracts that previously had been exempt from the rules.

The rules would address companies that hedge physical commodities and the process by which the agency would set monthly spot limits.

{mosads}But the agency said Wednesday it is reopening the comment period through Jan. 22, 2015, as it takes more time to consider the changes.

The CFTC already enforces speculative trading limits on many agricultural commodities, but exempts others from the rules. 

Last year, the CFTC proposed removing the exemptions for these 28 agricultural commodities. But the agency has since delayed the changes.

This is the third time the CFTC has pushed back the rules. 

The CFTC originally reopened the comment period on May 29, and then extended the deadline again on July 3. 

Tags
See all Hill.TV See all Video