NCC Recommendations for COVID-19 Assistance

This week, the National Cotton Council released their recommendations for COVID-19 assistance. In the document, NCC discusses the economic devastation that COVID-19 has had on the cotton industry, including details regarding cancellations in export sales and decrease in world consumption. NCC provided 3 recommendations that would support the segments of the cotton industry. The recommendations can be found using the link below.

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More Advocacy Issues

On May 25th, the Commodity Futures Trading Commission staff held a roundtable to consider the implication of a non-intermediated direct clearing model for digital asset derivatives. See the summary below for more information. More here.

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On May 24th, PoliticoPro’s newsletter titled “Cypto concerns come to ag” highlighted some of the concerns raised by the American Cotton Shippers Association and other agricultural groups regarding the recently filed proposal filed by LedgerX LLC d.b.a. FTX US Derivatives (FTX). More here.

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On May 10, ACSA submitted its comments in response to the U.S. Commodity Futures Trading Commission’s request for public comments on LedgerX, LLC d.b.a. FTX U.S. Derivatives’ (“FTX”) request for amended Derivatives Clearing Organization (“DCO”) Registration Order. More here.

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On May 12, the House Transportation Committee Subcommittee on Railroads, Pipelines, and Hazardous Materials held a hearing entitled “Board Member Views on the Surface Transportation Board (STB) Reauthorization.” More here.

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On May 12th, the House Agriculture Committee held a hearing on “Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models.” Committee Chairman David Scott (D-GA) said that he had serious concerns about the risks the FTX proposal would pose to derivatives markets’ primary functions of price discovery and risk hedging. Several members […]

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On April 15th, China Cotton Association (CCA) held its 2022 Annual Council Meeting online, with over 120 participants made of CCA’s Council members, government officials and industry experts. The meeting mainly focused on CCA’s works and efforts in 2021 and industry outlook and work priorities for 2022, which is to put continued efforts to promote […]

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