Commodity Futures Trading Commission November 21, 2007 – Federal Register Recent Federal Regulation Documents

The Commodity Futures Trading Commission (``Commission'') periodically reviews the speculative position limits for certain agricultural commodities set out in Commission regulation 150.2 (``Federal speculative position limits''). In this regard, the Commission has reviewed the existing levels for Federal speculative position limits and is now proposing to increase these limits for all single-month and all-months-combined positions in all commodities except oats, based on the formula set out in Commission Regulation 150.5(c). In addition, the Commission is also proposing to aggregate traders' positions for purposes of ascertaining compliance with Federal speculative position limits when a designated contract market (``DCM'') lists for trading a futures contract that shares substantially identical terms with a Regulation 150.2-enumerated contract listed on another DCM, including a futures contract that is cash-settled based on the settlement prices for a futures contract that is already enumerated. The Commission is requesting comment on these rule amendments.