# Kraft, Mondelez to pay $16 million in wheat price manipulation case

> The CFTC says Kraft and Mondelez paid $16 million after building a strategy to buy and take delivery of more than 3,000 wheat futures contracts, worth about $90 million, to create a false signal of demand. The settlement addresses market manipulation rather than supply.

- Date: 2019-08-15 · published 2019-08-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/57640-kraft-mondelez-to-pay-16-million-in-wheat-price-manipulation-case
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The penalty is a regulatory matter with little direct effect on wheat supply or demand, so price impact should be minimal.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-11-06 | [India to review export bans on wheat & rice, aims to fill shortfall in Kharif procurement - CNBC TV18](https://feedsoft.ai/events/33135-india-to-review-export-bans-on-wheat-and-rice-aims-to-fill-shortfall-in-kharif.md) | -1.9% | -0.6% |
| WHEAT | 2021-09-15 | [WTO: India’s interest in promoting wheat, rice exports may clash with G-33 proposal on MSP - The HinduBusinessLine](https://feedsoft.ai/events/45017-wto-india-s-interest-in-promoting-wheat-rice-exports-may-clash-with-g-33.md) | -3.8% | +4.6% |
| WHEAT | 2024-06-24 | [India imposes limits on wheat stocks, may turn to imports if required](https://feedsoft.ai/events/29726-india-imposes-limits-on-wheat-stocks-may-turn-to-imports-if-required.md) | -6.8% | -2.9% |
| WHEAT | 2025-08-26 | [Press Release Page \| Press Information Bureau](https://feedsoft.ai/events/23289-press-release-page-press-information-bureau.md) | +0.4% | -1.2% |
| WHEAT | 2020-11-10 | [U.S. Wheat Associates Submits Comments on International Trade Barriers to USTR - U.S. Wheat Associates](https://feedsoft.ai/events/50114-u-s-wheat-associates-submits-comments-on-international-trade-barriers-to-ustr-u.md) | -2.8% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/article/business/kraft-mondelez-to-pay-16-million-in-wheat-price-manipulation-case-idUSL4N25B36U/

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