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TSCRA Daily News Update, July 11, 2008
House Ag considers speculators The House Agriculture Committee will hold hearings on Wednesday, Thursday and Friday, regarding speculation within the commodity market. Throughout these hearings, legislators have been stressing the need to eliminate "excessive speculation," or those speculators who lack the capacity to receive delivery of an actual product. Currently, the legislation and discussion has been aimed at the oil commodity market, however, changes could occur that will impact the entire commodity market. NCBA has been monitoring these hearings.
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