Globe and Mail- U.S. commodities regulators slapped wide-ranging reforms on food futures markets yesterday, aiming to curtail speculation amid soaring global food prices.
Facing growing pressure from lawmakers, the Commodity Futures Trading Commission will demand more disclosure from institutional investors and scrap plans to further open commodity futures markets to big funds.
The reform plan marks a sharp reversal for the federal agency, which has been pursuing deregulation for much of the past two decades.
