08/03/2010
https://www.congress.gov...
"Nor are we alleging that index investors caused high cash commodity prices or that they are somehow responsible for more expensive consumer goods."
"According to estimates by the Commodity Futures Trading Commission (CFTC), about $15 billion was invested in commodity indexes in 2003. By mid-2008, that figure had grown to $200 billion, a thirteenfo..."
"It took the Subcommittee an entire year to compile and analyze millions of trading records from the three U.S. futures markets where wheat is traded."
"Our report, which was issued by myself and Senator Coburn last month, concludes that the huge number of wheat futures contracts being purchased by derivative dealers selling commodity index instrument..."