Agricultural News
NFU Supports Position Limits
Fri, 15 Jan 2010 17:38:47 CST
The National Farmers Union is supporting the Commodity Futures Trading Commission's proposed position limits rule. NFU President Roger Johnson believes congressional action is necessary on this matter - in order to ensure a fair and orderly marketplace and allow for a breadth of speculators in the market.
According to NFU, - substantial reform efforts in the way of establishing contract and aggregate position limits are key in the restoration of balance to the economy and harmonizing regulations between the United States and foreign regulators. Johnson adds, - with the changes in the regulations comes an opportunity to prevent another artificial spike in agricultural commodity prices due to speculation, as occurred in 2009.
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