Market Matters
Katie Micik DTN Markets Editor
Wed Nov 5, 2014 11:13 AM CST

The leadership turnover at the Commodity Futures Trading Commission is proving to be a good development for agriculture. On Monday, the four commissioners -- three of which are new to the office -- unanimously agreed to remove a provision of the controversial customer protections rule that would have forced futures users to pre-fund potential margin calls.

This is the "residual interest" problem that brokerages catering to agriculture clients resisted so loudly more than a year ago. As written in the final rule, futures commission merchants were required to move the calculation of residual interest -- how much of the FCM's ...

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