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Ag stakeholders testify on CFTC reauthorization

House lawmakers considered agricultural stakeholder perspectives on the reauthorization of the Commodity Futures Trading Commission (CFTC) during a House Agriculture Subcommittee hearing on July 25. Congress periodically reauthorizes the CFTC to update the agency’s authorities and recommended spending levels. The last reauthorization of the CFTC occurred during the 2008 Farm Bill and expired in 2013. […]

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NGFA urges federal agencies to revise bank capital proposals

ARLINGTON, Va., Jan. 16, 2024 — In comments submitted today to federal banking agencies, the National Grain and Feed Association (NGFA) said recent proposals to overhaul bank capital rules would increase costs for accessing cleared derivatives markets. “NGFA’s members and their customers depend on derivatives markets to hedge their risks and central clearing provides agricultural […]

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NGFA urges federal agencies to reconsider bank capital proposals

In comments submitted on Dec. 11 to federal banking agencies, NGFA and eight other agricultural groups said recent proposals to overhaul bank capital rules would have unintended consequences for the U.S. derivatives markets and make hedging more expensive for all market participants.“We are very concerned that any contraction in the availability of clearing services will have a […]

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NGFA supports CFTC changes to large trader reporting requirements

In comments submitted to the Commodity Futures Trading Commission (CFTC) this week, NGFA asked the agency to publish daily Commitments of Traders (COT) reports and to reduce the three-day lag between data collection and report publication.   CFTC proposed revisions to the large trader position reporting requirements for futures and options in the June 27 Federal Register. The large […]

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