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Wheat Futures Trading Online Article
This is a selection made from among articles on Wheat Futures Trading Online. For a permanent link to this article, or to bookmark it for future reading, click here.
All About The Commodity Futures Trading Commission (CFTC)
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The Commmodity Futures Trading Commission is a US government sponsored independent body that is tasked to monitor and record futures contracts trading activities that occur on futures exchanges in the United States. It was formed by the US Congress in 1974, and has the power to suspend, fine and impose legal sanctions on an individual or a firm in the event of fraud, misconduct or other cases of rule violations.
The agency is also responsible for publishing weekly updates on the holdings of the over twenty market segments in existence today.
These reports, called the 'commitments of traders report' or the COTR are handed out at the end of each week, usually every Friday. They contain information on open interest splits by non-reportable and reportable open interest and non-commercial and commercial open interest.
To make things short, the aim of the Commodity Futures Trading Commission is to protect the public and market participants from abusive and manipulative practices related to the sale of financial futures, options and commodities, and to make sure that all transactions are conducted in a transparent, financially viable and competitive manner.
During its inception, the CFTC was merely tasked to regulated options and commodity futures markets in the US. However, with the introduction of the Commodity Futures Modernization Act of 2000, or CFMA, the CFTC's duties have been expanded.
Via effective oversight, the agency makes sure that the futures market is able to provide market participants a means toward offsetting pricing risks and price discovery.
The CFTC has five commissioners, each of whom is appointed the president and serve in five-year intervals. One of the five commissioners is named chairman, with the approval of the senate, with rules stipulating that not more than three commissioners should be sourced from the same political party, to provide fairness.
The agency is headquartered in Washington, but it also holds offices in key cities that have futures exchanges, like Chicago, New York, Minneapolis and Kansas.
The CFTC has six key operating units: The Division of Clearing and Intermediary Oversight, the Division of Market Oversight, the Division of Enforcement, the Office of Chief Economist, the Office of the General Counsel and the Office of the Executive Director.
Each unit has a specific function, all of which sharing the goal of making sure that all transactions conducted under it satisfy regulations and are in the best interests of market participants.
There is a wealth of information about how to properly trade futures in the CFTC website, which can be found at www.cftc.gov. Check the site for further details.
Wheat Futures Trading Online Specific links
Wheat Futures Trading Online News
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GRAINS-US grains, soy fall on late fund selling Forbes, NY - The CBOT January soybean futures contract settled 1 cent lower at $9.89 a bushel. CBOT March wheat was 3/4 cent lower at $6.12-1/2 a bushel and CBOT March ... Corn, Soybeans Fall as Firmer Dollar, Oil Drop Reduce Demand US Wheat Outlook: 6-8c Higher On Soybean Spillover US grains, soy fall on profit taking |
DJ GRAIN HIGHLIGHTS: Top Stories Of The Day - MarketWatch (press release)
DJ GRAIN HIGHLIGHTS: Top Stories Of The Day MarketWatch (press release) - LONDON (Dow Jones)--European wheat futures climbed on technical trading Friday as agricultural commodities rallied. WINNIPEG (Dow Jones)--Canola contracts ... CME Lumber Review: Nearbys Drift Lower In Quiet Trade DJ GRAIN HIGHLIGHTS: Top Stories Of The Day DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day |
Portland daily grain report for Thursday, Jan. 8 - Capital Press (subscription)
Portland daily grain report for Thursday, Jan. 8 Capital Press (subscription), OR - All other wheat and barley bids are for full January delivery. Bids for corn are for 30 day delivery. March wheat futures in midday trading were 3/4 of a ... |
Gold prices advance moderately as dollar weakens - The Associated Press
Gold prices advance moderately as dollar weakens The Associated Press - March wheat futures shed 0.75 cent to $6.1250 a bushel, while corn for March delivery fell 9.75 cents to $4.0675 a bushel. March soybeans fell 0.5 cent to ... |
Wheat Rises as Unusually Cold Weather May Damage US Crop - Bloomberg
Wheat Rises as Unusually Cold Weather May Damage US Crop Bloomberg - Wheat futures for March delivery rose 4.75 cents, or 0.8 percent, to $6.18 a bushel at 12:48 pm on the Chicago Board of Trade, after earlier falling to ... |