"And we have shown the correlation between the huge influx of money from the index funds to the increase in the futures prices."
"I believe that the data and analysis that they have presented make another compelling case that excessive speculation has caused our commodity markets to become unmoored from those who actually make a..."
"Nor are we alleging that index investors caused high cash commodity prices or that they are somehow responsible for more expensive consumer goods."
"We obviously have identified a problem here that the amount of index trading has created volatility."
"If it is a significant cause, it seems to me something has got to be done about it."
"I would think he is an expert. He knows firsthand."
"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."
"For more than five years now, this Subcommittee has been taking a hard look at how our commodity markets function."
"Zebra mussels can significantly change the nature of the lake bottom, affecting fish habitat and spawning."
"Invasive species have done severe damage to our Great Lakes as well as to the land mass of Michigan."