Agricultural Advisory Committee

25th Agricultural Advisory Committee

Wednesday, August 12, 1998


1:00 Welcoming Remarks
David D. Spears, Commissioner, Chairman of the AAC

1:05 Status Report on the Agricultural Trade Option Pilot Program and Discussion by Committee Members
Paul Architzel, Chief Counsel, Division of Economic Analysis
Greg Kuserk, Economist, Division of Economic Analysis

2:05 Overview and Discussion of Proposed Rules Increasing Speculative Position Limits for Certain Agricultural Commodities and Amending CFTC Guideline 1, Contract Market Designation Requirements

    Paul Architzel, Chief Counsel, Division of Economic Analysis

2:25 Break

2:40 The Future of Futures – a Discussion of Developments Involving Electronic and Off-Exchange Trading

    Industry Perspective – John Damgard, President, Futures Industry Association

    CFTC Perspective – Michael Greenberger, Director, Division of Trading & Markets

3:40 Overview of the Upcoming CFTC Reauthorization
Walt Lukken, Senate Agriculture Committee Staff
David Ebersole, House Agriculture Committee Staff

4:25 Other Business

5:00 Adjourn