Peter Welch actually said...

"I believe the CFTC is the right place to determine whether that manipulation has taken place."

"One is to make certain that the hedging a benefit is absolutely available at the least possible costs."

"So that market has to be protected, and we have already seen that we have severe problems in the market."

"I think the exchange went to great lengths to try to change the terms of the cotton contract last year because a lot of people were concerned that the cotton market wasn't working properly."