Comment Text:
10-002
COMMENT
CL-07878
From:
Sent:
To:
Subject:
joan mencher
Saturday, April 17, 2010 9:46 PM
secretary
Proposed federal speculative position limits for referenced
energy contracts
and
associated regulations.
From: Dr. Joan Mencher
TSCF
201 West 72 st.
New York, NYn
To: CFTC.Gov
-Subject heading, "Proposed federal speculative position limits for
referenced energy contracts and associated regulations."
We are writing to point out that if the United States wishes to
evidence any concern at all about global Food security, then clearly:
1.
It is well known that volatile energy and agriculture
commodity prices increase global food insecurity.
2.
Clearly, farmers around the world need a well functioning
commodity market to be able to forward contract, gain credit and to
market their products at fair and predictable prices.
3.
We strongly support the CFTC's attempt to close the Enron
loophole and set aggregate position limits.
4.
We also support the CFTC's proposal to set position limits
for agricultural soft commodities. These goods are vulnerable to
excessive speculation and are an important source of revenue for many
developing countries.
Joan P. Mencher, Chair
