CFTC gives farmers, elevators break on record keeping

From Agri-Pulse

Farmers, ranchers and grain elevator operators who use the commodity futures market to manage risk are getting relief from some record-keeping requirements.

Under a final rule approved today by the Commodity Futures Trading Commission, certain participants in the commodities markets will not have keep written pre-trade communications or records transmitted via text messages regarding transactions that lead to the execution of a commodity interest transaction and related cash or forward transaction. Read the rest of the story here.