This week’s Cotton Newsline is 3 cuts. All cuts are Gary Adams, vice president of economics and policy analysis for the National Cotton Council.
Suggested Introduction 1:
The Senate Agriculture, Nutrition and Forestry Committee approved a bill designed to bring transparency to derivatives trading. Gary Adams, vice president of economics and policy analysis for the National Cotton Council says derivatives are a risk management tool used by many participants in the market.
Suggested Introduction 2:
Adams says the bill approved by the Agriculture Committee would require a certain segment of derivatives to be cleared by a central repository and traded on a registered exchange or “swap execution facility.”
Suggested Introduction 3:
Adams points out that if the bill is passed by the Senate, it still must be reconciled by a conference committee with legislation passed by the House last December.