Comment Text:
I am vehemently opposed to raising the corn futures daily trading limits. The corn futures markets have been ruined by the huge magnitude of the funds that have created huge volatility. The problem is not with the current limits, but with the size of the fund trading.
The CFTC is focused entirely in the wrong direction. If you want to put many thousands of traders, farmers & individual accounts out of business, then raise the limits. The funds will very quickly fill those new expanded limits, create more volatility, which will result in higher performance bond margins to the small traders.
The answer is NO EXPANDED LIMITS !!
