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    News and Articles on Commodity Futures

    Archives: Commodity Futures

    Lincoln Treads Carefully as Agriculture Chairman  Nov 10, 2009
    Holifield also formerly worked as the deputy chief of staff for the Commodity Futures Trading Commission, experience that could come in handy if and when the Agriculture panel takes up market reform. In the meantime, Holifield has been tasked with ramping up policy staff specializing in trade and environmental issues. (Roll Call)

    CME retains Nymex's Newsome at $1M  Nov 10, 2009
    His duties at CME include regular meetings with staff at that agency, the Commodity Futures Trading Commission, and with members of Congress. Hell also continue as a CME director, for which he is paid separately, according to the filing. (Crain's Chicago Business)

    Forum: Seeing change Wall Street can believe in  Nov 8, 2009
    In 2000, Congress passed the Commodity Futures Modernization Act, ignoring the warnings of Commodity Futures Trading Commission head Brooksley Born, who said that unregulated trading in derivatives could "threaten our regulated markets or, indeed, our economy.". By 2002, the four largest bank holding companies - Bank of America, JP Morgan Chase, Wells Fargo and Citigroup - had 27 percent of FDIC-insured bank assets. (Athens Banner-Herald)

    How coke-addled geeks crashed the global economy  Nov 4, 2009
    Forget about the Community Reinvestment Act, the repeal of Glass-Steagal, Goldman-Sachs, Phil Gramm, the Commodity Futures Modernization Act, Larry Summers and unregulated credit default swaps. The real villains were a bunch of coke-addled geeks seeking a dopamine high. (Salon)

    Bank bailouts  Oct 31, 2009
    The four of them -- Greenspan, Summers, Rubin and Geithner also refused to regulate derivatives, and pushed Congress to stop the Commodity Futures Trading Corporation from doing so. . (Salon)

    Feds pursue fund manager they say stole $1M  Oct 31, 2009
    Richmond H. Hamilton Jr., who manages Raleigh Capital Management Inc. from his home in Morocco, diverted the money to pay for personal expenses including an airplane and the lease on a car in the U.S., according to a complaint filed Wednesday in Chicago by the Commodity Futures Trading Commission. Mr. Hamilton also faked real estate sales to the fund and withdrew money to pay himself for the sham property sales, regulators say. (Crain's Chicago Business)

    Pound Poised for Goldman Sachs Rally Not Helping Brown With U.K. So Cheap  Oct 26, 2009
    Hedge funds and other large speculators held record wagers this month that the pound will decline against the dollar, with so-called net shorts increasing eight-fold from the end of August to 65,346 on Oct. 13, before declining to 43,318 last week, data from the Washington-based Commodity Futures Trading Commission show. The figures reflect holdings in currency- futures contracts at the Chicago Mercantile Exchange. (Bloomberg -- Europe)

    Under Scrutiny, Attorney Puts His Firm out of Business  Oct 17, 2009
    Freeman is the receiver in an Orlando civil fraud case filed by the Commodity Futures Trading Commission against investment manager Capital Blu Management and its principals. The commission claimed in March that Capital Blu pocketed some of the $17 million solicited ostensibly to invest in off-exchange foreign currency futures contracts. (Law.com)

    Murphy votes for $350 million for NY dairy farmers  Oct 11, 2009
    2 billion for the Department of Agriculture, the Food and Drug Administration, the Commodity Futures Trading Commission and the Farm Credit Administration. The bill provides critical funding to protect public health; bolster food nutrition programs; invest rural communities; support agricultural research; strengthen animal health and marketing programs; and conserve our natural resources. (Catskill Daily Mail, NY)

    Wall Street Derivatives Lobby Links With New Democrats to Blunt Obama Plan  Oct 10, 2009
    That argument might not get a sympathetic ear at the Commodity Futures Trading Commission. Its chairman has several times called the regulated platforms electronic trading systems, suggesting that U.S. officials may seek to require banks and investors to use them like exchanges with real-time, public pricing. (Bloomberg)

    Caterpillar, Duke, Apple Are Winners in Frank Bill to Rein in Derivatives  Oct 6, 2009
    Franks legislation would give the Commodity Futures Trading Commission added authority to police over-the-counter commodity swaps as well as derivatives traded on foreign exchanges. Naked Swaps. (Bloomberg -- US)

    Macquarie treads softly where others failed  Oct 2, 2009
    It bought a New York-based boutique investment bank, Guiliani Capital Advisors, in the same year and, in 2008, bolted on a Chicago-based commodity futures trader and broker, Shatkin Arbour. This year it has announced the $C116 million acquisition of Tristone Capital, a boutique investment bank that specialises in oil and gas deals and now the $US130 million acquisition of FPK.. (Sydney Morning Herald -- Business)

    Geithner pushes for financial overhaul  Sep 24, 2009
    While head of the Commodity Futures Trading Commission, she proposed that her agency regulate the unregulated OTC market. They should have listened to her then. (TheHill.com)

    Gold bounces from one-week low  Sep 22, 2009
    The noncommercial net long position in gold futures on the COMEX division of the New York Mercantile Exchange stood at an all-time high of 235,647 lots for the week ended September 15, data from the Commodity Futures Trading Commission showed. The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said its holdings stood at 1,101. (Sydney Morning Herald -- Business)

    Gold slips as demand wanes  Sep 21, 2009
    The noncommercial net long position in gold futures on COMEX stood at an all-time high of 235,647 lots for the week to September 15, data from the Commodity Futures Trading Commission showed. Gold markets shrugged off the IMF's plan for limited sales of 403. (Sydney Morning Herald -- Business)

    Oil hovers near $US72 in thin trade  Sep 21, 2009
    Separately, money managers boosted net long positions in the NYMEX crude oil market last week in a bet prices would rise, the Commodity Futures Trading Commission said in a report on Friday. Open interest positions were for November crude oil call options bulked at $US80, $US85 and $US90, while put options hovered at the $US65, $US60 and $US55 levels, according to Reuters data on Friday. (Sydney Morning Herald -- Business)

    Lehman Monday Morning Reveals Lesson Lost With Obama as Regulator-in-Chief  Sep 11, 2009
    A Financial Services Oversight Council -- made up of the heads of the FDIC, the Securities and Exchange Commission, the Commodity Futures Trading Commission and other agencies -- would advise the Fed on potential threats. The Treasury would be able to take over and wind down financial institutions with an authority modeled on powers held by the , which guarantees deposits and can close and sell failing banks under its jurisdiction. (Bloomberg)

    More Of Us Are Staying Home This Labor Day  Sep 6, 2009
    Obama had opportunity to get rid of these anti-American leeches and instead bailed them out with billions of our tax dollars so they can in turn use the money to pay bonuses to their top dogs and to continue to manipulate the commodity futures. Goldman Sachs was on of the top holders of oil futures last year. (KWTX.com, TX)

    CME Group's Donohue to be a Panelist Wednesday at Joint SEC-CFTC Regulatory Harmonization Meeting  Sep 2, 2009
    CHICAGO, Sept. 1 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, announced that its Chief Executive Officer Craig Donohue will appear tomorrow before a joint meeting of the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to discuss the differences in rules and philosophies as well as consequences and benefits of harmonizing regulations and regulatory approaches of the two Commissions. "The goal... (PR Newswire)

    Wall Street Keeping $35 Billion Derivatives Revenue Focus of Stealth Lobby  Sep 1, 2009
    Commodity Futures Act. Lawyers for Wall Streets largest banks initiated and shepherded the 2000 Commodity Futures Modernization Act through Congress because they were concerned the business was in jeopardy from reforms proposed by , then chairman of the Commodity Futures Trading Commission, according to two lawyers involved in the process who asked not to be identified ... That question, which will determine how much change there is in the way the contracts are traded, may fall to regulators,... (Bloomberg)

    Gold holds steady below key resistance  Aug 31, 2009
    1 per cent to 182,982 lots in the week to August 25 from 177,530 lots, a weekly report by the US Commodity Futures Trading Commission showed. Reuters. (Sydney Morning Herald -- Business)

    Out of the Shadows  Aug 31, 2009
    The big picture is held together for us by Michael Greenberger, the director of trading and markets at the Commodity Futures Trading Commission in the Clinton Administration. Greenberger, a talented explainer, charts the development of more and more complicated and preposterous instruments, ending with credit-default swaps. (New Yorker)

    Dollar climbs on economic cheer  Aug 24, 2009
    The latest data from the Commodity Futures Trading Commission showed currency speculators still hold a bigger net long position in the Aussie than any other currency, though the positions have been pared slightly. Aussie bond futures tumbled as optimism over global economic prospects tempered safe-haven bids. (Sydney Morning Herald -- Business)

    Is Phil Gramm hopelessly naive or corrupt?  Aug 22, 2009
    He joined UBS soon after the bank acquired Enron, a company that had gone bankrupt after jumping through the Enron loophole in the Commodity Futures Modernization Act, which Gramm had pushed though Congress. Gramm s wife, Wendy, had been an Enron board member and head of its audit committee but failed to sound the alarm before the Houston-based company collapsed. (Paragould Daily Press, AR)

    Market Forecaster  Aug 19, 2009
    5 million civil fine for attempting to manipulate natural gas futures contracts on the New York Mercantile Exchange, the Commodity Futures Trading Commission said ... The risk of loss in trading commodity futures may be substantial and, therefore, may not be suitable for the recipients of this information. (Midwest Bulls Eye, NE)

    Adequate food grain stock to curb prices  Aug 17, 2009
    We expect this to lead to steady growth in the agri commodity futures volume on the exchanges. The development schemes announced by the government are aimed at providing support to the agricultural sector and could help boost production in respective commodities, thereby bridging the gap between demand-supply, the report said. (India Times)

    Australian, New Zealand Dollars Slip as Futures Signal Stocks Will Decline  Aug 17, 2009
    Futures traders increased bets the Australian dollar will gain against the U.S. currency, figures from the Washington- based Commodity Futures Trading Commission show. The in the number of wagers by hedge funds and other large speculators on an advance in the Australian dollar compared with those on a drop -- so-called net longs -- was 48,846 on Aug. 11, compared with net longs of 46,410 a week earlier. (Bloomberg -- Australia & New Zealand)

    Gas climbs past $3 per gallon  Aug 8, 2009
    A federal regulatory agency - the Commodity Futures Trading Commission - held three meetings in the past two weeks to discuss limiting oil market speculation. The commission's new chairman, Gary Gensler, has suggested placing hard limits on the number of oil contracts that any investor can hold. (San Francisco Chronicle)

    FTC Cracks Down on Oil Price Manipulation  Aug 7, 2009
    A different federal agency, the U.S. Commodity Futures Trading Commission, is expected to decide whether to place trading limits on speculators later this year. The CFTC, which regulates oil and other commodities in the U.S., is dropping its historic hands-off approach, CBS News investigative correspondent Armen Keteyian reported last month. (CBS News)

    CME Group Enters Into New Employment Agreements with Chief Executive Officer Craig S. Donohue and President Phupinder Gill  Aug 7, 2009
    In addition, Donohue serves as a Director of BM&FBOVESPA, Chairman of the Board of the Council for Economic Education, First Vice Chairman of the Executives' Club of Chicago, and as a member of the Commodity Futures Trading Commission's Global Markets Advisory Committee and the Wall Street Journal CEO Council. He also serves as a Director of the Managed Funds Association, the Chicago Council on Global Affairs and the Chicagoland Chamber of Commerce. (PR Newswire)

    Political veteran Hatfield to lobby for California wine industry  Aug 4, 2009
    A Fresno State graduate who held congressional staff positions before securing a presidential appointment to the Commodity Futures Trading Commission, Hatfield now runs his own strategic advising shop ... He served on the Commodity Futures Trading Commission from 2004 through December 2006. (Fresno Bee -- Business)

    Oil jumps on US GDP data  Aug 1, 2009
    We are getting a delayed reaction to the GDP numbers and the dollar is making a big move,'' said Tom Bentz, a senior energy analyst at BNP Paribas Commodity Futures Inc. in New York. I would have expected prices to move higher right after the release of the report but sometimes the market needs time to digest news. (Sydney Morning Herald -- Business)

    Global Recession Continues to Weigh Heavily on Canfor's Operating Results in Second Quarter  Jul 31, 2009
    4 Commodity futures $ (0 ... 4 Commodity futures (0 ... 6) Commodity futures (0. (CCNMatthews Press Releases)

    Slap Speculators in Bondage So Free Markets Choke: Mark Gilbert  Jul 30, 2009
    July 30 (Bloomberg) -- The Commodity Futures Trading Commission is examining ways to curb price swings in energy markets. Chairman says the CFTC must address excessive speculation, not how we can eliminate speculation. (Bloomberg -- Columnists)

    US may limit energy trading  Jul 28, 2009
    The Commodity Futures Trading Commission will begin hearings Tuesday to gather views from consumers, businesses and traders. "I believe we're going to do something," Bart Chilton, one of the four CFTC commissioners, said in an interview. (The Augusta Chronicle)

    U.S. House approves $502,000 for crop research at Institute  Jul 22, 2009
    Commodity Futures Trading Commission: funds the commission to enhance oversight of the commodity futures markets, to better secure them from improper speculation. Livestock Competition: assures fair competition and trade practices, safeguards farmers and ranchers, and protects consumers and members of the livestock, meat, and poultry industries from unfair, deceptive, discriminatory and monopolistic practices. (Chatham Star Tribune, VA)

    Knee-Deep (and Getting Deeper)  Jul 21, 2009
    Shortly after George W. Bush was elected president, Congress and President Clinton were trying to pass a $384 billion omnibus spending bill, and while the debates swirled around the passage of this bill, Senator Phil Gramm clandestinely slipped a 262-page amendment into the omnibus appropriations bill titled: Commodity Futures Modernization Act ... 8 million to the Gramm household, prior to the passage of the Commodity Futures Modernization Act. (Townhall.com)

    Shining a harsh light on hedge funds  Jul 17, 2009
    Aside from Brooksley Born, the former chair of the Commodity Futures Trading Commission, who tried (and failed) to get credit derivatives regulated during the waning years of the Clinton administration, the rest of the six Democratic nominees on the committee are a middle-of-the-road bunch who aren't likely to fundamentally shake up the system. And Californians who remember Angelides' lackluster campaign for governor against Arnold Schwarzenegger in 2006 aren't going to be too excited about his... (Salon)

    Feeder Funds Held Subject to Commodity Pool Regulation  Jul 16, 2009
    A fund that solicits money from investors for trading in commodity futures is subject to registration and regulation as a commodity pool operator, even if it does no trading itself, the 3rd U.S. Circuit Court of Appeals held Monday in a precedent-setting ruling ... "The actual trading of commodity futures is not required." ... The ruling came in an enforcement action filed by the Commodity Futures Trading Commission against Equity Financial Group, the creator and operator of Shasta Capital... (Law.com)

    Rand loses ground  Jul 13, 2009
    "Fading risk appetite is evident in the latest Commodity Futures Trading Commission data, which shows that speculators have switched to net long positions in the JPY. This position should be sustained given the uncertainly over the global outlook, with US bank results and local US data, particularly retail sales, likely to rouse investors' concerns," Cairns said. "However, this alone will not provide the impetus for the ZAR to weaken further. With little in the way of local or international... (iAfrica.com)

    Geithner Seeks to Curb Derivatives Market With `Difficult-to-Evade' Laws  Jul 10, 2009
    The Securities and Exchange Commission and the Commodity Futures Trading Commission would jointly oversee the industry. Peterson Is Warming. (Bloomberg -- US)

    Commission OKs zone to allow tax credits  Jul 8, 2009
    WASHINGTON Federal regulators will examine whether the government should impose limits on the number of futures contracts in oil and other energy commodities held by speculative traders, the head of the Commodity Futures Trading Commission said. The agency will hold a public hearing this month to gather views from consumers, businesses and market participants , CFTC Chairman Gary Gensler said in a statement. (The Augusta Chronicle)

    Mukherjee Seeks Support for Indian Budget After Plunge in Stocks, Currency  Jul 7, 2009
    The minister ended a plan to tax trading of commodity futures in India, the worlds biggest user of gold and second- biggest grower of rice and wheat, aiming to lure more investors to a market thats doubled to $1 trillion in the past three years. To support consumption in rural India, where more than three-fifths of Indias 1. (Bloomberg -- Asia)

    World Economy  Jul 5, 2009
    The "hold" put on Gary Gensler's nomination as chairman of the US Commodity Futures Trading Commission - at least while it lasted - was remarkably contrary to form. - Julian Delasantellis (May 19,'09). (Asia Times Online)

    First Half Closes On Weak Note  Jul 4, 2009
    Trading commodity futures or options involves risk, and past performance doesn t indicate future results. Alan Levitt is president of Levcom, Inc., a Crystal Lake, Ill. (Agri-View, WI)

    Commodity Rally May Be Ending as Production Expands, Hedge Funds Trim Bets  Jun 30, 2009
    Hedge funds and speculators cut their bets on higher prices by 23 percent in the two weeks ended June 23, the first back-to-back drop since March, based on an using U.S. Commodity Futures Trading Commission data ... Hedge funds and other large speculators are holding a net 653,915 contracts betting on higher prices, according to an index of combined positions in 20 commodities tracked by the U.S. Commodity Futures Trading Commission. (Bloomberg -- Canada)

    CME seethes over Senate wheat findings  Jun 25, 2009
    Investigations by the Commodity Futures Trading Commission, the Government Accounting Office, Informa and CME itself have refuted claims that speculators are at fault for higher prices or any disconnect between futures and cash prices, CME said ... The Senate report recommends that the Commodity Futures Trading Commission end the allowance for some index traders that enables them to hold more than the standard 6,500 wheat futures contracts at a given time. (Crain's Chicago Business)

    Obama Proposes Sweeping Overhaul Of Financial Rules  Jun 19, 2009
    A merger of the Securities and Exchange Commission and the Commodity Futures Trading Commission is off the table, for instance, due largely to political obstacles. Fair And Balanced. (Investors Business Daily)

    Should the Government Decide Your Salary?  Jun 16, 2009
    00004000 Starting with Reagan: usury laws repealed (see massive credit card debt), mortgage laws repealed (see S&L crisis and our current housing crisis), the repeal of Glass/Steagal and the Commodity Futures Trading Act led to the credit default swaps; in 2005 Bush repealed laws that governed participation and transparency in oil futures (see $4. 00/gal gas). (CBS News -- Opinion)

    New financial protections geared toward consumers could be on the horizon  Jun 6, 2009
    Investor protections - One idea being shopped around by the Treasury Department is to combine two existing bodies, the Securities and Exchange Commission and the smaller Commodity Futures Trading Commission, to create a new agency aimed at protecting investors. (The SEC oversees stock trading activity; the other commission oversees the trading of oil, gas and other commodities. (Boston Globe)

    Taylor: Obama Exploding Deficits A Threat  May 29, 2009
    According to a report in yesterday's Daily Deal, the Committee on Capital Markets Regulation issued a report Tuesday calling for a complete overhaul of the financial regulatory system by merging agencies such as the SEC and the Commodity Futures Trading Commission, enhancing the Federal Reserve's powers and prescribing rules for derivatives. The report by the group contains 57 recommendations for the creation of a new financial regulatory structure. (Newsmax)

    Obama Plan Has Fed Serving As Risk Regulator  May 28, 2009
    The investor protection function could be carried out by an agency that merges the SEC and the smaller Commodity Futures Trading Commission, which oversees the trading of oil, gas and other commodities. By expanding the FDIC's role, the administration would give the government a centralized means for addressing failing banking institutions. (Click2Houston, TX)

    SEC Head: Obama Watchdog Plan "Damaging"  May 21, 2009
    The Clinton administration blocked the Commodity Futures Trading Commission from regulating financial derivatives -- which became the basis for massive speculation ... Congress in 2000 prohibited regulation of financial derivatives when it passed the Commodity Futures Modernization Act. (CBS News)

    House climate bill aims to minimize price rise  May 16, 2009
    Meanwhile, Democratic Representative Bart Stupak introduced legislation on Friday seeking to curb excessive speculation in energy markets and give the Commodity Futures Trading Commission the authority to regulate the trading of contracts based on carbon emissions. For the draft legislation, click on http://energycommerce. (Scientific American)

    Treasury asks for control of derivatives market  May 14, 2009
    Current law largely excludes regulation of the instruments, which are referred to as "over-the-counter" derivatives because they are traded privately rather than through commodity exchanges now regulated by the Commodity Futures Trading Commission ... Commodity Futures Trading Commission. (Yahoo News)

    Treasury pitches derivatives regulation to Congress  May 14, 2009
    Current law largely excludes regulation of the instruments, which are referred to as "over-the-counter" derivatives because they are traded privately rather than through commodity exchanges now regulated by the Commodity Futures Trading Commission. It was unclear how the rules would affect hedge funds, which are large, mostly unregulated entities that use complex trading tactics to earn big returns for high-dollar investors. (OregonLive, OR -- Business)

    Futures fee floated, again  May 8, 2009
    The budget proposal said the Commodity Futures Trading Commission (CFTC) is the only federal financial regulator that isnt funded by fees on those it regulates, and since the CFTC's programs provide clear benefits to market participants it is appropriate for those participants to at least partially offset or contribute toward the cost of providing those programs. . (Crain's Chicago Business)

    Yen Falls as Speculation Global Slump Easing Spurs Demand for High Yields  May 4, 2009
    Futures traders pared bets the yen will decline against the dollar, figures from the Washington-based Commodity Futures Trading Commission show. Net Shorts Pared. (Bloomberg -- Japan)

    Berkshire's Munger Favors `100% Ban' on Default Swaps That Added to Crisis  May 2, 2009
    Creditors that have hedged themselves might well want its borrower to go into bankruptcy and have incentives to use its control rights to help grease the skids, Hu told the House Committee on Agriculture, which oversees the Commodity Futures Trading Commission. Credit-default swaps, which are used to hedge against losses or to speculate on a companys ability to repay its debt, pay the buyer face value if a borrower defaults in exchange for the underlying securities or the cash... (Bloomberg -- US)

    Pound Rally Proves Britain No `Basket Case' as Brown Gets No Lift in Polls  Apr 17, 2009
    in the futures market that the pound will fall against the dollar increased in the last two weeks, with so- called net short positions rising to 34,462 on April 7 from 30,746 March 24, according to data from the Washington-based Commodity Futures Trading Commission. The pound will fall to $1. (Bloomberg)

    Study: Securities litigation on the rise  Apr 16, 2009
    The SEC tracked 70 Ponzi cases between 2007 and last year while the Commodity Futures Trading Commission reported that it followed twice as many leads in possible Ponzi cases last year, resulting in 15 prosecutions. As for settlements, 95 were reached in 2008, the lowest number in the past decade. (Columbus Business First, OH)

    Bankers get a model rush  Apr 9, 2009
    In Trading Places, John Landis' 1983 comedy about the commodity futures markets, blueblooded and snooty commodity firm manager Louis Winthorpe III is the victim of a bizarre nature versus nurture experiment that places him poor and among the dregs of society. Through plot gyrations, he finds himself awakening on Christmas morning back in his privileged bed, attended to by his faithful manservant Coleman. (Asia Times Online)

    Market Forcaster  Apr 8, 2009
    The Commodity Futures Trading Commission simultaneously filed and settled charges this past week against ADM Investor Services for violating rules governing post-execution allocations, maintenance of books and records, and supervision of its employees ... The risk of loss in trading commodity futures may be substantial and, therefore, may not be suitable for the recipients of this information. (Midwest Bulls Eye, NE)

    Copper Declining Demand Pushing Prices 15% Lower as Traders Assess Quarter  Apr 7, 2009
    6 percent in the week ended March 31, according to U.S. Commodity Futures Trading Commission data. Speculative short positions, or bets prices will fall, outnumber long positions by 18,525 contracts. (Bloomberg)

    Dow Drops Back Below 8,000  Apr 7, 2009
    Phil Gramm (R, TX) led the charge for Gramm-Leach-Bliley and the Commodity Futures Modernization Act. Gramm had pushed to repeal the Glass-Steagall Act, which for decades had kept regulatory barriers between commercial banks and investment banks and let government halt predatory subprime lending. (CBS News)

    'Bailout psychology' destroying the economy  Apr 5, 2009
    Why didn't Bush or Obama pick Brooksley Born (the Commodity Futures Trading Commission chair who tried to regulate credit default swaps) or Harry Markopolos (the whistle-blower in the Madoff scandal) to serve as treasury secretary or chairman of the SEC. Because Born and Markopolos are technically competent and possess integrity. (San Francisco Chronicle -- Opinion)

    Born again - and again  Apr 2, 2009
    Thirty eight years later, in 1998, US Commodity Futures Trading Commission chairwoman Brooksley Born, in seeking to uphold the integrity of the financial system, was similarly accosted ... That pattern held at the US Commodity Futures Trading Commission (CFTC), the government agency charged with regulating and monitoring the frequently very topsy-turvy world of commodity and financial futures markets and trading. (Asia Times Online)

    Mark-to-Market Lobbying Buoys Bank Profits 20% as FASB Prepares to Say Yes  Apr 1, 2009
    Gensler, who has since been nominated to chair the Commodity Futures Trading Commission, declined to comment. Bank of New York would be one of the biggest beneficiaries of FASBs proposed changes, said , director of research at Chicago-based brokerage Howe Barnes Hoefer & Arnett. (Bloomberg)

    FOXBusiness: Congress Weighs Fed Analysis of Plan  Mar 27, 2009
    It could be the FDIC, the Securities and Exchange Commission, the Commodity Futures Trading Commission or a new Federal insurance agency depending on what agency was best suited to resolve the particular institution. . (Fox News)

    Wife of Westridge fraud suspect got $19 million  Mar 27, 2009
    The Commodity Futures Trading Commission said Janet Schaberg received $18. 9 million from an account held by WG Trading Investors, a firm controlled by her former husband, Stephen Walsh, and his partner, Paul Greenwood. (Pittsburgh Post-Gazette, PA)

    Fired Doctor of Derivatives Waiting to Cry as 282,000 Finance Jobs Vanish  Mar 25, 2009
    Their performance has a low correlation with the stock market, and theyre regulated by the Commodity Futures Trading Commission. That, he says, could draw some investors whove been burned by opaque and illiquid investment products. (Bloomberg)

    SGX Announces Intention to Migrate to NASDAQ OMX GENIUM Platform  Mar 23, 2009
    SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway. (Primezone Releases)

    Economic Shifts and Oil Price Volatility, Remarks by John Lipsky, First Deputy Managing Director of the International Monetary Fund  Mar 20, 2009
    First, institutional investors have concluded that they can improve the risk-return balance of their portfolios by adding alternative asset classes such as commodity futures and related instruments. The correlation of the returns on these assets with those on their core holdings of equities and bonds has been relatively low, and increased commodity exposure has provided diversification benefits. (IMF News)

    Futures:• Fed's Planned Intervention In Bonds Hits Buck, Sparks Futures After Hours  Mar 19, 2009
    The Reuters-Jefferies CRB index, which tracks 19 commodity futures prices, fell more than 1% to a low of 213. 65. (Investors Business Daily)

    WFU members discuss NFU priorities with Obama Administration, Congress (4)  Mar 15, 2009
    "Convention delegates urged officials to take the following actions to ensure market competition:- Approve legislation banning the ownership of livestock by meat processors;- Appropriate enforcement of existing anti-trust laws;- Coordination and collaboration between the U.S. Department of Agriculture (USDA) and the Department of Justice (DOJ) for anti-trust enforcement;- A producer referendum on all commodity promotion programs and establishment of voluntary assessments determined at point of... (Agri-View, WI)

    Choppy to Lower Trade Likely For March  Mar 13, 2009
    Trading commodity futures or options involves risk, and past performance doesn't indicate future results. Comments. (Agri-View, WI)

    Futures:• Gold's Safe-Haven Allure Fades As Investors Grab Equities; Crude Dips  Mar 11, 2009
    "The EIA report certainly didn't help the market. All it did was renew the concerns about demand," said Tom Bentz, an analyst at BNP Paribas Commodity Futures. The EIA forecast global demand for oil at 84. (Investors Business Daily)

    Overhaul Regulatory System, Bernanke Says  Mar 11, 2009
    No derivatives regulation by the Commodity Futures Trading Commission (CFTC): fire the woman who heads CFTC for suggesting such a thing, and don't listen to that crazy man (Warren Buffett) calling derivatives 'weapons of financial mass destruction. 4. (CBS News)

    Congress Sends $410 Billion Bill to Obama That Boosts Domestic Spending  Mar 11, 2009
    The Consumer Product Safety Commission and the Commodity Futures Trading Commission will get 31 percent funding increases, while the Food and Drug Administrations budget will grow by 19 percent. Under the bill, the budget for the House will increase by 10 percent while funding for Senate operations will grow by 8 percent. (Bloomberg -- US)

    Australia, New Zealand Dollars Advance Following Late U.S. Equity Rallies  Mar 9, 2009
    Futures traders bets that the Australian dollar will decline against the U.S. dollar, figures from the Washington-based Commodity Futures Trading Commission show. The difference in the number of wagers by hedge funds and other large speculators on a fall in the Australian dollar compared with those on a gain -- so-called net shorts -- was 2,786 on March 3, compared with net shorts of 5,583 a week earlier. (Bloomberg -- Australia & New Zealand)

    Good example  Mar 5, 2009
    "Correct, and that's precisely why they "bundle" them into securities and sell them to unsuspecting investors, world-wide. This is a technique NOT mandated by any regulatory agency BUT was made possible by Sen. Phil Gramm, a recent McCain campaign adviser, in his bill, the Commodity Futures Modernization Act, passed at the end of 2000 amid the confusion of the outcome of the p ". Member ID. (Albany Democrat-Herald, OR)

    Little chance Pitt, CMU can recoup funds  Mar 4, 2009
    A court filing yesterday by the U.S. Commodity Futures Trading Commission shows that Westridge clients -- who include the University of Pittsburgh and Carnegie Mellon University -- stand little chance of getting much of their investments back. The schools have a total of $114 million at stake. (Pittsburgh Post-Gazette, PA)

    Market Forecaster  Mar 3, 2009
    Credit default swaps, given their unique nature, also will require further regulation, Gary Gensler said in testimony prepared for a Senate hearing on his nomination for chairman of the Commodity Futures Trading Commission ... The risk of loss in trading commodity futures may be substantial and, therefore, may not be suitable for the recipients of this information. (Midwest Bulls Eye, NE)

    Oil falls 2% on economic worries  Mar 2, 2009
    And crude oil speculators on the New York Mercantile Exchange cut net long positions in the week to Feb. 24, according to data from the US Commodity Futures Trading Commission. The market will likely eye data, including US personal income and consumption and construction spending for January as well as the US February ISM manufacturing index, all due later in the day, for more clues on the health of the economy. (India Times, India)

    Pitt, CMU not likely to recover all funds  Feb 27, 2009
    Also Wednesday, both men were sued in civil court by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, which alleged that the partners misappropriated more than $553 million and "fraudulently solicited" $1. 3 billion from investors since 1996. (Pittsburgh Post-Gazette, PA)

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