Congress eyes market impact of speculators: Vilsack

Reuters
Mon Jun 29, 2009 2:54pm EDT

CHICAGO (Reuters) - Congress is eyeing ways to make sure speculative trading helps commodity markets rather than distorting pricing signals, U.S. Agriculture Secretary Tom Vilsack said in a Reuters Television interview Monday.

"There are concerns," Vilsack said, noting he has spoken about the issue with Tom Harkin, chairman of the Senate Agriculture Committee.

"I suspect that there will probably be an effort to make sure when there is trading that takes place on the market, that it's trading that actually assists the market, doesn't hurt the market, creates a robust trading scheme so that we get a good pricing signal," Vilsack said.

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