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CFTC majority supports commodity-limit ruling appeal-commissioner

Posted on 02 November 2012

A majority of the Commodity Futures Trading Commission supports appealing a judge’s ruling against limits on commodity-market speculation, Commissioner Mark Wetjen said on Thursday.
The five-member commission approved position limits last year to cut down on excessive speculation in commodity markets. The rules limit the number of contracts traders can hold in 28-commodities, including oil, coffee and gold………………………………………..Full Article: Source


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