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Rules Relaxed on Feed Grain Futures by USDA
The USDA announced amendments to limit rules on commodity futures, exempting livestock and poultry producers' purchases of futures and net long positions in wheat oats barley flaxseed or corn tied to feed requirements from speculative trading and position limits. The CEC which includes the Secretaries of Agriculture and Commerce and the Attorney General may set limits. current limits are 2,000,000 bushels for wheat oats barley and flaxseed and 3,000,000 for corn.
MENTIONED IN THIS ARTICLE
Commodity Exchange Commission
Secretary of Agriculture
Secretary of Commerce
Attorney General
Commission