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The Commodity Futures Trading Commission is interviewing cotton industry officials as part of a probe of trading that resulted in losses last year for commodities trader Glencore International Plc (GLEN), the Financial Times reported.
Traders are being asked about the large number of cotton bales delivered through the ICE Futures U.S. exchange in mid-2011, the Financial Times reported, citing industry executives and companies, which the newspaper didn’t identify, that were contacted by the agency.
CFTC investigators are seeking information from merchants including Louis Dreyfus Commodities, Olam International, Cargill Inc., Nobel Group and Glencore, the newspaper said, citing people familiar with the probe that weren’t identified.
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