Speculators: Ensuring Effective Markets

 
 
Story of Oil
Facts Behind Beef Prices
Facts Behind Food Prices
Facts Behind Oil Prices
 
Featured Research and Market Studies
Video: Factors that Impact U.S. Food Prices – Richard Volpe, USDA Economic Research Service
FarmPolicy.com, March 25, 2014

Have Concerns over Futures Market Integrity Impacted Producer Price Risk Management Practices?
Choice Magazine, Q4 2013

Bubbles in Food Prices
John Kemp, Reuters, March 26, 2013

Futures Markets and Speculation: Lessons From the Past for Today
Scott Irwin, October 18, 2012

Post hoc, ergo propter hoc
ISDA Media.Comment, September 11, 2012

Why We Need Speculators
Tim Worstall,The Telegraph, July 2, 2012

Blaming Energy Futures for Energy's Current Costs
Scott Irwin, The Washington Times, May 3, 2012

The Fallacy of Blaming Oil 'Speculators'
Robert J. Samuelson, The Washington Post, May 2, 2012

 

Research and News
2014
Hedging questions were answered at least 50 years ago
Financial Times, June 30, 2014
2011
Back to the Futures
The Economist, September 17, 2011

Analysis of CFTC Proposed Position Limits on Commodity Index Fund Trading
Dr. Clifford V. Rossi, April 25, 2011
2010
Proposed Regulations Regarding Position Limits for Derivatives
CFTC, January 2010

CFTC Documents Reveal Internal Debate on Position Limits.
Wall Street Journal. May 2010

CME Group Files Public Comment Letter on Energy Position Limits
CME Group. April 26, 2010

Summary of CFTC Position Limits Proposal for Exchange Energy Markets: What Does it Mean for Me?
CME Group. March 2010

Statement of Thomas LaSala, March 25, 2010
CME Group Managing Director and Global Chief Regulatory Officer, Before CFTC Meeting on Metals Position Limits

Energy Position Limits: No Evidence, No Legal Basis
Streetwise Professor. March 19, 2010

FIA comments on the CFTC Notice of Proposed Rulemaking entitled "Federal Speculative Position Limits for Referenced Energy Contracts and Associated Regulations."
Futures Industry Association. March 18, 2010
2009
Excessive Speculation and Position Limits in Energy Derivatives Markets
CME Group. September 16, 2009
2008
Speculative Position Limits and Hedge Fund Exemptions
Fred Seamon, associate director, Research and Product Development. CME Group. July 2008.
 

 

 
 

2011
April 13, 2011
House Committee on Agriculture
Testimony of Terry Duffy, Executive Chairman CME Group

April 12, 2011
Senate Committee on Banking, Housing & Urban Affairs
Testimony of Terry Duffy, Executive Chairman CME Group

February 15, 2011
House Financial Services Committee
Testimony of Terry Duffy, Executive Chairman CME Group

February 10, 2011
House Committee on Agriculture
Testimony of Terry Duffy, Executive Chairman CME Group
2010
Dec. 15, 2010
House Committee on Agriculture
Testimony of Terry Duffy, Executive Chairman CME Group
2009
July 28, 2009
Commodity Futures Trading Commission
Testimony of Craig Donohue, CEO CME Group

July 21, 2009
Senate Permanent Subcommittee on Investigations
Testimony of Charles P. Carey, Vice Chairman CME Group

February 3, 2009
United States House of Representatives Committee on Agriculture
Statement of Terry Duffy, Executive Chairman CME Group
2008
June 26, 2008
U.S.-Africa Agribusiness Forum
Speech of Terry Duffy, Executive Chairman CME Group

June 17, 2008
Senate Ag Committee
Testimony of Terry Duffy, Executive Chairman CME Group

June 17, 2008
Senate Ag Committee
Testimony of Terry Duffy, Executive Chairman CME Group

May 15, 2008
House Agriculture Committee
Testimony of Terry Duffy, Executive Chairman CME Group

April 22, 2008
CFTC Agricultural Roundtable
Statement of Charlie Carey, Vice Chairman CME Group