Current Issues

2017 USDA Update Presented at ACSA MWB Meeting January 19, 2017

Topics Include: Quality of 2016/17 Crop, Futures Update, Foreign Growth (World Cotton Contract), Fees, and Innovations Update

CFTC Issues No-Action Relief for Aggregation Notice Filings for Position Limits

Today, the Commodity Futures Trading Commission (CFTC or Commission) issued time-limited no-action relief for aggregation notice filings for position limits. Specifically, any person or entity that is eligible to rely on an exemption from aggregation under Regulation 150.4(b) will not need to comply with the notice filing requirements until August 14, 2017. Without the relief, [...]

Chairman Conaway Announces New and Returning Agriculture Committee Republican Members

PRESS RELEASE FOR IMMEDIATE RELEASE  Haley Graves January 11, 2017  (202) 225-2171   Chairman Conaway Announces New and Returning Agriculture Committee Republican Members     House Agriculture Committee Chairman K. Michael Conaway (R-TX) issued the following statement in response to the House Steering Committee’s recommendation of six new members to serve on the Agriculture Committee. [...]

CFTC Re-proposes Position Limits and Finalizes Aggregation Rule

The Commodity Futures Trading Commission (CFTC or Commission) voted unanimously to approve the Position Limits for Derivatives re-proposal, as well as the Aggregation of Positions final rule. The position limits re-proposal comes in response to comment received from the December 2013 proposal and the June 2016 supplemental proposal. Chairman Massad provided two reasons for issuing a [...]

U.S.-CHINA TRADE WAR COULD BE ‘DEVASTATING’ FOR FARMERS, FORMER USDA ECONOMIST SAYS

American farmers could be one of the biggest losers if President-elect Donald Trump starts a trade war with China, a former chief economist for the Agriculture Department said today. The United States currently exports about $20 billion to $24 billion worth of agricultural exports to China each year, and that's expected to "grow even more [...]

House Ag Committee Chairman Conaway urges CFTC to Halt Midnight Rulemaking

Today, House Agriculture Committee Chairman K. Michael Conaway sent a letter to U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad requesting he not move forward on any controversial regulations during the final months of President Obama’s administration.   In the letter, he asked Massad to refrain from “pushing through controversial regulations,”; adding, “While we [...]