If this is not a global regulatory scheme on commodity pricing, what you have done will have no significant effect.
Excessive speculation leads to markedly increased volatility, what you should expect some market force on real supply an...
Well, position limits are designed to stop excessive speculation, correct?
How does the CFTC define 'excessive speculation'?
We are going to see massive inflation in this country in 2 or 3 years.
Why isn't it $2 instead of $3.60 or $3.90?
If they are price insensitive, if they do not care what the price is because they are sure they are going to make money ...
So you agree we have to have some speculators in the market to make a market.
Can we change the rules here, in our country can we change the rules on our exchanges and solve this problem?
What is 'excessive speculation'? Because that is our whole problem.
The most recent version of the rule was rushed through the Commission and applied across the board to 28 separate commod...