# Ceres Global Ag Agrees to Pay $3 Million in Civil Penalties Over Trades in Oat Contracts

> Minnesota-based Ceres Global Ag agreed to pay a $3 million civil penalty to the CFTC over attempts in 2016 and 2017 to manipulate oat futures. The company said it had been cooperating with the CFTC and Department of Justice since 2021.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/33707-ceres-global-ag-agrees-to-pay-3-million-in-civil-penalties-over-trades-in-oat
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Enforcement against manipulation supports confidence in CBOT oats pricing but does not change the underlying oat supply. The case has little direct effect on feed prices.

## Read by commodity

- OATS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2024-01-25 | [CFTC fines Ceres Global Ag Corp $3 million for trying to manipulate oat futures prices_Hawk Insight](https://feedsoft.ai/events/32158-cftc-fines-ceres-global-ag-corp-3-million-for-trying-to-manipulate-oat-futures.md) | +4.6% | -0.8% |
| OATS | 2024-04-22 | [Consortium to capitalise on growing global oat demand - Grain Central](https://feedsoft.ai/events/30788-consortium-to-capitalise-on-growing-global-oat-demand-grain-central.md) | +4.2% | +1.7% |
| OATS | 2021-04-22 | [$11.5 million program ushers in new era for oat breeding - Grain Central](https://feedsoft.ai/events/47667-11-5-million-program-ushers-in-new-era-for-oat-breeding-grain-central.md) | +1.8% | -9.7% |
| OATS | 2021-04-21 | [New Era for Oat Breeding: significant investment over the next five years to accelerate the National Oat Breeding Program \| AgriFutures Australia](https://feedsoft.ai/events/47666-new-era-for-oat-breeding-significant-investment-over-the-next-five-years-to.md) | +4.7% | -7.5% |
| OATS | 2022-12-01 | [Release: USDA Expands Revenue Protection to Oat and Rye Producers - ProAg](https://feedsoft.ai/events/38293-release-usda-expands-revenue-protection-to-oat-and-rye-producers-proag.md) | -14.5% | -6.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2023/10/23/ceres-global-ag-agrees-pay-3-million

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.