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CBOT to limit ag receipts held by non-grain firms

Posted on 06 January 2009

From Reuters: The Chicago Board of Trade requested approval from its regulator, the Commodity Futures Trading Commission, to limit the number of grain shipping
certificates and warehouse receipts that a non-grain firm can hold, an exchange advisory said.

The rule change is designed to reduce the large number of delivery instruments held by non-grain firms and increase the hedging effectiveness of CBOT’s corn, wheat, oat, rice, soybean, soyoil and soymeal contracts, the advisory said….. Full Article: Source


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