Sent back to the drawing board after losing a legal challenge, the Commodity Futures Trading Commission is again trying to set position limits for commodities traders. With a 3-1 vote, it approved a new position limits proposal during a public meeting on Tuesday.
A complete rundown of how the proposed limits would be determined, and exemptions, can be found here and in an online fact sheet. The rule will initially apply to 28 physical commodities, among them oil, gasoline, corn, wheat, cotton, sugar, silver, and platinum.
