Timely Action Urged at CFTC Forum

Testifying at a Commodity Futures Trading Commission Forum, American Cotton Producers Chairman Chuck Coley said the cotton futures market is totally dysfuntional and decisive action is needed short term to restore confidence in the markets for all US cotton industry segments. (The public also can submit comments for the official record by sending statements to agforum@cftc.gov by 5 pm EDT, May 7, '08).