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Jun 22, 2017
Soy growers expressed their support for Chris Giancarlo as chairman of the Commodity Futures Trading Commission (CFTC).
The American Soybean Association (ASA), along with other ag organizations, sent a letter to Senate Ag Committee Chairman Pat Roberts and Ranking Member Debbie Stabenow earlier this week, urging Giancarlo’s confirmation.
“Given his financial industry background, we commend CFTC Acting Chairman Giancarlo for the considerable amount of time and effort he has devoted to understanding the agriculture sector and its use of the derivatives markets,” the groups state in the letter. “In fact, Mr. Giancarlo has visited a number of our members’ farms and facilities over the past few years to learn about the industry first-hand from those who are actual commodity producers and market participants.”
The groups wrote that Giancarlo would strike the right balance in overseeing CFTC’s financial and commodity markets regulation.
Click here to read the entire letter.
