Meeting Date:
Wednesday, June 29, 2016
CFTC Staff:
Vincent A. McGonagle
Lee Ann Duffy
Gregory Kuserk
Harold W. Hild
Hannah Ropp
Steve Sherrod
Organization(s):
National Grain and Feed Association
The Andersons
Louis Dreyfus Commodities
J.D. Heiskell & Co.
CGB Enterprises
The Scoular Co.
INTL FCStone
Nidera Inc.
Archer Daniels Midland Co.
External Attendees:
Todd Kemp (NGFA)
MJ Anderson (Andersons)
Kim Hawks (Louis Dreyfus)
Jason Ballow (JD Heiskell)
Nathan Reding (CGB)
Eric Perry (Scoular)
Bruce Nelson (FCStone)
Partick Coyle (Nidera)
Matt Giltner (ADM)
Additional Information:
We discussed the position limtis rulemaking and supplemental notice, including the definition of bona fide hedging, non-enumerated bona fide hedges, the 5-day rule, whether there should be time restrictions on anticipated production hedges, the meaning of a commercially reasonable time period to come into compliance in the context of a CFTC reversal of an exchange determination, the setting of exchange and federal limit levels, and cross commodity hedging,
