The Commission and Panelist Presentation at Agricultural Advisory Committee

The following presentations were given by the panel of panelist at the CFTC Agricultural Advisory Committee Meeting on December 6, 2007 on the Changing Roles of U.S. and Global Markets: Speculation, Hedging and Global Competitiveness.

Transcript on the Changing Roles of U.S. and Global Markets: Speculation, Hedging and Global Competitiveness

Commission Opening Statements

• Acting Chairman Walter Lukken
• Commissioner Michael Dunn
• Commissioner Jill Sommers
• Commissioner Bart Chilton

Changes in Price Discovery and Market Structure

• Mike Gorham
  Illinois Institute of Technology
  
  

Panel I – Role of Speculation in the Agricultural Futures Markets

• David Kass
  Senior Economist, CFTC
  
  
• John F. Fenton
  Deputy Director of Market Surveillance, Division of Market Oversight, CFTC
  
  
• Don Heitman
  Senior Special Counsel, CFTC
  
  
• David Lehman
  Director, Commodity Research & Product Development, CME Group

Panel II – Industry Discussion

• Tom Erikson
  Bunge
  
  
• Tom Coyle
  National Grain and Feed Association
  
  
• Dan Brophy
  Chairman, CMC Futures Committee
  
  

Panels II – The Role of Agricultural OTC Markets

• Don Heitman
  Senior Special Counsel, CFTC
  
  
• David Lehman
  Director, Commodity Research & Product Development, CME Group
  
  
• Tom Farley
  ICE Futures
  
  

Panels II – Global Carbon Markets

• William M. Ferretti
  Chicago Climate Exchange
  
  
• Dave Miller
  Iowa Farm Bureau Federation
  
  
• Doug Sombke
  South Dakota Farmers Union