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RELEASE: pr7075-14

  • December 4, 2014

    CFTC Announces Agenda for Upcoming Agricultural Advisory Committee Meeting

    U.S. Department of Agriculture Secretary Tom Vilsack to Present on the State of the Agriculture Economy

    Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) announced today the agenda for the upcoming Agricultural Advisory Committee (AAC) meeting on Tuesday, December 9, 2014 at 10:00 a.m., at its headquarters in Washington, DC. The agenda includes USDA Secretary Tom Vilsack, who will present on the state of the agriculture economy. For information about the meeting, including attending, viewing and listening instructions, see CFTC News Release 7061-14.

    The meeting will focus on issues related to deliverable supplies of agricultural commodities, as they pertain to position limits, and the agricultural economy. CFTC Chairman Timothy Massad is the sponsor of this Advisory Committee.  The meeting will be chaired by Dr. Randall Fortenbery of Washington State University.  For the discussion on Position Limits Deliverable Supply and Bona Fide Hedging, the Commission has re-opened the comment period for the Position Limits Rulemaking, see CFTC News Release 7072-14. The Commission has also posted discussion questions, see CFTC Agricultural Advisory Committee.


    10:00 a.m. to 10:15 a.m.

      Opening Remarks

    • Timothy Massad, CFTC Chairman and AAC Sponsor
    • Mark Wetjen, CFTC Commissioner
    • Sharon Bowen, CFTC Commissioner
    • J. Christopher Giancarlo, CFTC Commissioner

    10:15 a.m. to 11:00 a.m.

      The State of the Agricultural Economy

    • Tom Vilsack, Secretary, US Department of Agriculture
    • AAC Member Questions/Discussion

    11:00 a.m. to 11:15 a.m.


    11:15 a.m. to 11:45 a.m.

      Panel I: Implications of the Agricultural Economy for CFTC and DCMs


    • David Lehman, Managing Director, Commodity Research and Product Development CME Group
    • Greg Kuserk, Deputy Director, Product Review, Division of Market Oversight
    • AAC Member Questions/Discussion

    11:45 p.m. to 12:15 p.m.

      Discussion: Residual Interest Implementation

    12:15 p.m. to 1:15 p.m.

      Lunch Break

    1:15 p.m. to 2:15 p.m.

      Panel II: Position Limits

      Deliverable Supply and Bona Fide Hedging:

    • Christa Lachenmayr, Economist, Division of Market Oversight
    • Stephen Sherrod, Senior Economist, Division of Market Oversight
    • AAC Member Questions/Discussion

    2:15 p.m. to 2:45 p.m.

      Discussion: Looking forward – Agenda for the Summer 2015 AAC

    2:45 p.m. to 3:00 p.m.

      Concluding Remarks

    Last Updated: December 5, 2014

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