(DECEMBER 7, 2020) – Last week, Commodity Futures Trading Commission (CFTC) Chairman Heath P. Tarbert announced the members of the Agricultural Advisory Committee’s (AAC) new Agricultural Futures Contracts with Open Interest Subcommittee (Ag-OI Subcommittee).
United States Cattlemen’s Association (USCA) Marketing and Competition Committee Member Brett Crosby of Cowley, Wyoming was among the 22-members selected.
The subcommittee was established to provide recommendations to the AAC for Commission policy related to the implementation of amendments to futures contracts based on enumerated agricultural commodities when those amendments would apply to contract months with open interest.
“I could not be more pleased that we have such a diverse and experienced group of individuals who expressed interest in serving on this subcommittee,” said Chairman Tarbert, who serves as the AAC’s sponsor. “I look forward to the members’ input regarding how we can better fulfill our statutory duty in approving amendments to futures contracts based on enumerated agricultural commodities when those changes will apply to open interest. Ultimately, more clarity in this space could help exchanges minimize risk to market participants and themselves.”
Mr. Crosby will join USCA Vice President Justin Tupper in representing the organization within the Commodity Futures Trading Commission. Mr. Tupper currently serves as a member of the CFTC Agricultural Advisory Committee.