Comment Text:
I welcome the Commission’s efforts to implement the Dodd-Frank Act, especially reforms aimed at limiting excessive speculation in food commodities.
Although many factors contribute to volatile commodity prices, it is important to note that excessive speculation has been identified as partially responsible.
Thus, I urge the Commission to implement the proposed speculation limits propos in order to avoid food price bubbles like those which occurred in 2008. Furthermore, while Congress called for exemptions from these limits for bona fide hedgers, I ask that exemptions only be given to businesses that deal in physical commodities (like farmers) and not to banks, hedge funds or other financial players.
