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Oct 23, 2023POLICYUS

Statement Of CFTC Commissioner Christy Goldsmith Romero: Protecting Farmers And Families From Artificially Inflated Food Prices

CFTC Commissioner Christy Goldsmith Romero issued a statement urging the agency to police commodity markets against manipulation and excess speculation. She cited earlier calls for deep-dive studies into volatility in wheat, oil and natural gas prices.

WHY IT MATTERS

Stronger CFTC surveillance could reduce speculative price spikes in futures, which matters for feed input costs. The statement is advocacy rather than a new rule, so its direct price effect is limited.

AFFECTSOATS

SOURCE
mondovisione.comOct 23, 2023

Price reaction & history

OATSno directional readSO FAR1d +0.8%5d +5.2%20d -9.8%

After 49 past policy events, OATS moved a median -1.1% over 5 sessions (39% higher; middle half -3.3% to +2.7%), and -2.0% over 20.

Nov 30, 2022Oat and Rye Farmers Eligible for Revenue Protection in 2023-13.1%
Apr 30, 202313008-18 from InterGrain and Koala from Seednet accepted into first stage Australian Oat Classification Program | Farm Weekly | WA+5.9%
Jan 25, 2024CFTC fines Ceres Global Ag Corp $3 million for trying to manipulate oat futures prices_Hawk Insight+4.6%
Jan 6, 2023Texas Agriculture • January 6, 2023 • Expanded revenue protection for oat, rye farmers+4.5%
Jun 7, 2021Export fodder customers and growers to benefit from new breeding program | AgriFutures Australia-3.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

OATS · GP ▸

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