Agricultural Advisory Committee

Meeting of the CFTC’s Agricultural Advisory Committee
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

August 5, 2010





9:00 - 9:15 a.m. (EDT)


ICE Futures U.S. Cotton No. 2 Contract

  • Market Fundamentals, Cotton Report and Informa Study (9:15-9:35)

Marshall Horn, Division of Market Oversight, CFTC
Tom Farley
, ICE Futures US

    • Reactions (9:35-9:55)

    Jordan Lea, 2009 Memorandum on Delivery Points, A Report to the American Cotton Shippers Association, Eastern Trading Company
    John Barrett
    , Cotton and Grain Farmer
    Woods Eastland
    , Staplcotn

      • Questions and Discussion (9:55-10:20)


      Wheat Convergence

      • Market Fundamentals and Historical Background (10:20-10:35)

      David Amato, Division of Market Oversight, CFTC
      Nicole Aulerich
      , Office of the Chief Economist, CFTC

        • Reactions (10:35-11:00)

        David Lehman, CME Group
        Jeffrey C. Borchardt
        , Kansas City Board of Trade
        Steven K. Campbell, Louis Dreyfus Commodities

          • Questions and Discussion (11:00-11:25)


          (5 Minute Break)


          Livestock Price Reporting

          • Market Fundamentals and Price Reporting (11:30-11:55)

          Harry Hild, Division of Market Oversight, CFTC
          Jay Johnson
          , Grain Inspection, Packers and Stockyards Admin., USDA
          Warren Preston, Agricultural Marketing Service, USDA

            • Reactions (11:55-12:15)

            Paul Peterson, CME Group
            Don Close
            , Texas Cattle Feeders Association
            Neil Dierks
            , National Pork Producers Council

              • Questions and Discussion (12:15-12:35)


              Other Business and Closing Remarks (12:35-1:00)


              Donald Heitman, Agriculture and the Dodd-Frank Bill, Division of Market Oversight, CFTC