Anticipated

Because of an anticipated funding shortfall for fiscal year (FY) 2012, the Commodity Futures Trading Commission (CFTC) may need additional authority from Congress to impose user fees on traders of futures and swaps to implement the new regulations required under the Dodd-Frank Wall Street Reform Act, said CFTC Commissioner Bart Chilton.

Tennessee said due to the anticipated return of colder weather to its market area, an OFO Action Alert will be implemented Friday for all Balancing Parties in downstream Zones 4, 5 and 6. They will be required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for underdeliveries into the system and overtakes from the system.

The Commodity Futures Trading Commission (CFTC) Thursday voted out the long-anticipated proposal to set hard position limits to curb excessive speculation in the derivatives market. And until the position limits can be finalized and implemented, the head of the agency issued a directive for staff to closely monitor traders with large positions.

The Commodity Futures Trading Commission (CFTC) Thursday voted out the long-anticipated proposal to set hard position limits to curb excessive speculation in the derivatives market. And until the position limits can be implemented, the agency head issued a directive for staff to closely monitor traders with large positions.

Due to cold weather having moved into its market area and based on anticipated demand, Southern projected that storage withdrawal requirements would exceed its capability starting Monday, and thus it implemented an OFO Type 6 for short imbalances that day until further notice. The OFO was extended through at least Tuesday, and Southern said it was “highly likely” that it will remain in place for short imbalances through Friday.

Triple-digit spikes returned to most Northeast citygates as significantly colder conditions were anticipated for Sunday and Monday, but in the rest of the cash market it was even greater softness Friday than before as the previous day’s 17.4-cent drop by prompt-month futures, the industrial demand loss experienced over a weekend, and cool to merely chilly temperatures being dominant from the western end of the South through much of California contributed to an overall bearish mood.

Price stagnancy is likely to be short-lived as a return to frigid temperatures is anticipated in most areas during weekend.

The Commodity Futures Trading Commission (CFTC) Wednesday narrowly voted out a much-anticipated joint proposal with the Securities and Exchange Commission (SEC) defining “swap dealers” and “major swap participants.”

Due to moderately higher fuel prices and anticipated milder weather for the upcoming heating season, only a modest rise in household heating bills is expected for many U.S. customers this winter, according to the Short-Term and Winter Fuels Energy Outlook released by the Energy Information Administration (EIA) last Wednesday.