NEWS
Market Matters
Katie Micik DTN Markets Editor
Mon Apr 14, 2014 04:46 PM CDT

The Commodity Futures Trading Commission's relationship with the grain industry is rocky, at best. The House Agriculture Committee reprimanded the Commission's rulemaking process last week by including language in a bill that undid a controversial rulemaking on residual interest, a concept that commercial hedgers argue would cause the cost of hedging to skyrocket.

For the moment, it appears the grain industry dodged an expensive bullet, but the House bill reauthorizing the CFTC has a long journey before it becomes law. The full House must pass the bill; and Senate Agriculture Chairman Debbie Stabenow, D.-Mich., told a group of ag journalists ...

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