CBOT Cleared in Soybean Flap: The Chicago...
From Times Staff and Wire Reports
CBOT Cleared in Soybean Flap: The Chicago Board of Trade acted within ethics rules when it declared an emergency and ordered traders to reduce July, 1989, soybean holdings, the General Accounting Office said. The GAO concluded that Board of Trade members who held contracts did not participate in meetings that led to the emergency order. The controversy centered on Ferruzzi Finanziaria SpA, one of the world’s largest soybean processors.
