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Commodities Briefing - Categorized | Market Moves, Trading more

Commodities traders take aim at rule to limit speculation

Posted on 10 February 2014

Some of the world’s biggest commodities traders will take a strong line against a new plan to limit market speculation, arguing it would derail the everyday business of buying and delivering shipments of grain, oil and metals.
A lobby group representing companies including Archer Daniels Midland, BP, Cargill and Louis Dreyfus Commodities intends to file a sweeping critique of the “position limits” rule proposed by the US Commodity Futures Trading Commission in formal comments due on Monday, according to a draft letter seen by the Financial Times…………………………….Full Article: Source


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