Local

CME Group Officials Are Against Residual Interest Proposal

CME Group Officials Are Against Residual Interest Proposal

CME Group officials say they’re opposed to the CFTC’s residual interest proposal.  This is one of the new customer protection measures the agency is looking at to protect customer segregated accounts from another MF Global incident.  However, the proposal calls for accounts to literally be pre-funded to cover margins before trading.  Tim Andriesen with the CME Group says this is unacceptable.

He says it’s not just farmers that are opposed to the residual interest proposal.

The new rules are set to go into effect a year from now.

Recent Headlines

in Agriculture

Sheep Market Strong, Seeing Evolving Structure

Fresh
Sheep

The sheep industry is looking at strong demand and prices in the midst of a continued evolution in the market.…

in Agriculture

Consumers Caution About Biotech Crops Unfounded

Fresh
soybeans 2

Consumers should not believe everything they read or see on the internet about the evils of biotech crops. SDSU Plant…

in Agriculture

Coalition Supports COOL Including SDLMA

Fresh
COOL

Over 140 agricultural and consumer groups are asking the Senate not to repeal or revise mandatory country of origin labeling.…

in Local

Breastfeeding Promoted

baby sleeping

Society tends to have conflicted views of how new mothers feed their newborns, as breastfeeding is seen as the better choice… as long as it’s not done in public.

in Local

Partnership Seeks To Improve Life On Reservation

money 20

“Partnership with Native Americans” is a charity organization dedicated to improving life on reservations across the country, including nine within South Dakota and a distribution center located in Rapid City.