Comment Text:
Our small business uses diverse futures and options strategies to manage price, basis, and spread risks under definitions of hedging that work well. By restricting the use of the industry long-accepted strategies, we could be forced to widen our operating margins which will result in lower prices to farmers. We ask that you reconsider imposing these regulations on speculative position limits, and we ask that hedging be defined as it is currently within the industry. By doing this, our industry will be more competitive, which ultimately helps producers, end users, and consumers of grain.
