Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


CFTC Finalization of Position Limits for Derivatives

Fri, 16 Oct 2020 09:05:45 CDT

CFTC Finalization of Position Limits for Derivatives The American Cotton Shippers Association (ACSA) applauds the Commodity Futures Trading Commission (CFTC) for its landmark finalization of rulemaking on Position Limits for Derivatives.

“The strong leadership of CFTC Chairman Heath Tarbert brought this process to fruition after more than ten years of gridlock,” ACSA President/CEO Buddy Allen said. “Chairman Tarbert has been directly engaged and committed to solidifying the risk management needs of the US cotton industry throughout his tenure at the CFTC. This rule’s finalization increases certainty for true commercial hedging, which makes risk management throughout the supply chain more efficient. This allows for better pricing to producers and end customers.”

Allen went on to commend the Intercontinental Exchange (ICE) for their partnership and cooperation throughout this process. “Without ICE standing with the industry, we would have likely not been successful in achieving the outcomes our industry needed in this rulemaking process.”

ACSA Chairman William Barksdale of Cargill Cotton commented saying, “We appreciate the Commission’s diligence in completing this long pending process with the commercial interests of the cotton industry being properly addressed. The close work and development of this rule to align with the industry’s needs during its development required real leadership from Chairman Tarbert, CFTC Commissioners, staff, and industry leadership.”

ACSA encourages the swift implementation of this rule to more broadly enumerate a list of bona fide hedges that represent the manner in which cotton is merchandised.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Over $750K Allocated to Secure Land Tenure for a New Generation of Farmers and Ranchers   Thu, 22 Oct 2020 09:32:55 CDT
  • Ryder Klaassen of Hydro-Eakly FFA Named Grand Champion at 2020 Oklahoma Junior Wheat Show-- Logan Chance named 4-H Champion  Thu, 22 Oct 2020 09:26:33 CDT
  • National FFA Convention Kicks Off Virtually Tuesday October 27th  Thu, 22 Oct 2020 09:07:48 CDT
  • Dismal Wheat Pasture Prospects Weighing on The Feeder Cattle Market, Says OSU's Derrell Peel  Thu, 22 Oct 2020 08:25:12 CDT
  • Thursday Preopening Market Update with Dave Lanning  Thu, 22 Oct 2020 07:27:13 CDT
  • Feeder Steers Lower, Feeder Heifers Lower, Steer Calves Lower, Heifer Calves Lower at OKC West - El Reno  Thu, 22 Oct 2020 05:29:11 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m Wednesday, October 21  Wed, 21 Oct 2020 15:57:26 CDT
  • Wednesday, October 21, 2020 Market Wrap-Up with Justin Lewis  Wed, 21 Oct 2020 14:58:12 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.