CFTC: Wheat Market Manipulated

CFTC Alleges Kraft Foods Manipulated Wheat Futures, Cash Prices in 2011

CFTC filed a civil enforcement complaint against Kraft Foods Group, Inc., and Mondelez Global LLC Wednesday, alleging the company manipulated the CBOT wheat futures market, exceeded speculative position limits and engaged in numerous noncompetitive trades in 2011. (Photo courtesy of CFTC)
CFTC filed a civil enforcement complaint against Kraft Foods Group, Inc., and Mondelez Global LLC Wednesday, alleging the company manipulated the CBOT wheat futures market, exceeded speculative position limits and engaged in numerous noncompetitive trades in 2011. (Photo courtesy of CFTC)
CFTC filed a civil enforcement complaint alleging that in early December 2011 Kraft Foods purchased $90 million of CBOT December wheat futures in order to depress cash prices and strengthen the December 2011 to March 2012 futures spread, netting a $5.4 million...

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