Release: 5462-08

For Release: February 28, 2008

CFTC Statement on MF Global Wheat Futures Trading

Washington, DC – The Commodity Futures Trading Commission (CFTC) became aware of the MF Global situation on Wednesday and continues to be in close contact with the firm and the CME Group, which is the designated self regulatory organization for MF Global.

Ensuring the overall financial integrity of the futures markets is a critical component of the agency’s mission. The CFTC can confirm that MF Global is currently in compliance with the agency’s regulatory capital requirements.

In light of recent volatility in the wheat futures markets generally, the CFTC has been monitoring trading in these markets very closely and will continue to do so. Based on current information, the incident reported by MF Global appears to be an isolated event. The CFTC continues to gather information and monitor the situation.

Media Contacts
Ianthe Zabel
202-418-5080

R. David Gary
202-418-5085

Last Updated: February 28, 2008