The CFTC has finalized rules instituting position limits on futures and swaps contracts. These rules were created under the authority of section 737 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final regulations cover 28 physical commodity futures and swaps and all economically equivalent contracts, and will be implemented in two phases.
In this final rule-making, the Commission has established speculative position limits for 28-physical commodity futures contracts, including:
- Nine “legacy” agricultural contracts (CBOT Corn, CBOT Oats, CBOT Soybeans, CBOT Soybean Meal, CBOT Soybean Oil, CBOT Wheat, ICE Futures U.S. Cotton No. 2, KCBT Hard Winter Wheat, MGEX Hard Red Spring Wheat).
- Ten “non-legacy” agricultural contracts (CME Class III Milk, CME Feeder Cattle, CME Lean Hog, CME Live Cattle, CBOT Rough Rice, ICE Futures U.S. Cocoa, ICE Futures U.S. Coffee, ICE Futures FCOJ-A, ICE Futures U.S. Sugar No. 11, ICE Futures U.S. No. 16).
- Four energy contracts (NYMEX Hub Natural Gas, NYMEX Sweet Light Crude, NYMEX NYH Gasoline Blendstock, NYMEX NYH Heating Oil).
- Five metals contracts (COMEX Copper, COMEX Gold, COMEX Silver, NYMEX Palladium, NYMEX Platinum).