NEWS
Ag Groups Wary of New CFTC Rule
Katie Micik DTN Markets Editor
Tue Feb 19, 2013 05:17 PM CST

OMAHA (DTN) -- Portions of a proposed rule to enhance the protection of customers' margin funds could make hedging prohibitively expensive for farmers and ranchers and the small- to mid-sized futures commission merchants that serve them, industry representatives said.

The National Grain and Feed Association said it feared the proposed rule "would bring about a dramatic and sudden change in the eco-system of the futures market as it has existed for decades, with disproportionate adverse impacts on the traditional users who are NGFA members, their farmer-customers and the FCMs that serve the agricultural hedging community."

While many groups support the ...

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