Agricultural Advisory Committee

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

October 29, 2009

 

     

I.

Introduction

9:00 - 9:15 a.m.

II.

Convergence and Basis

9:15 – 10:00 a.m.

 

• History and Current Fundamentals of Convergence and Basis Problems

    David Kass, Division of Market Oversight, CFTC (9:15 – 9:30 a.m.)

    Christa Lachenmayr, Division of Market Oversight, CFTC (9:30-9:40 a.m.)

      III.

      Report, Proposal and Reactions

        10:00 – 10:30 a.m..

         

        Report and Recommendations from the AAC’s Subcommittee on Convergence in Agricultural Commodity Markets

          Andrei Kirilenko, Office of the Chief Economist, CFTC (10:00 – 10:15 a.m.)

            CBOT Proposal to Implement Variable Storage Rates on CBOT Wheat Futures Contracts Effective September 2010

              David Lehman, CME Group (10:15 – 10:30 a.m.)

                Break

                10:30 – 10:40 a.m.

                 

                Reactions

                Matt Bruns, National Grain and Feed Association (10:40-10:50 a.m.)

                  Chad Burlet, Burlet Trading (10:50-11:00 a.m.)

                    Questions to Panel and Discussion (11:00 a.m. - 12:20 p.m.)

                    IV.

                    Other Business and Closing Remarks

                    12:20 – 1:00 p.m.