CFTC delays a vote on a plan to curb commodity speculation

The Commodity Futures Trading Commission was expected to vote on a proposal to limit speculation in commodity markets but postponed the vote. The proposal would restrict traders to 25% of deliverable supply in the contract closest to expiration, followed by an all-month ceiling of 10% of open interest for as many as the first 25,000 contracts and 2.5% afterward. "It's just appropriate to let this one ripen a little bit more," Gensler said. A source said Gensler lacked the votes needed to release the proposal for public comment.

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