The Commodity Futures Trading Commission is getting together a proposed rule for early 2020 that’ll call for setting limits on speculative trading and swaps positions. National Grain and Feed Association Senior Vice President of Marketing Todd Kemp says it’s something they’ve been working on and wanting for several years.
He says his group wants to make sure the CFTC keeps risk management strategies contained in their rules going forward.
Kemp says it’s also important that the new rule defines clearly and outlines who is a bona fide hedger and who is a specs trader.
Kemp expects the CFTC to publish this new rule in early 2020.
