National Grain and Feed Association Officials will be working early next year to try and change a proposed rule put forward by the Commodity Futures Trading Commission. Association Vice President of Marketing and Treasurer Todd Kemp says the proposed rule would establish position limits that would redefine what constitutes a bona fide hedge.
Kemp says by rolling that back it would allow risk management tools to be retained for grain elevators and other hedgers. He says if that’s not done it’ll increase costs.
Kemp says they’ll also weigh in when the new Congress reauthorizes the Commodity Futures Trading Commission.