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Kraft Foods, Mondelez Accused by CFTC of Wheat Manipulation

2015-04-02 03:22:38| Food - Topix.net

In 2011, traders at the formerly-combined companies made a "huge" bet in the futures market that wheat prices would rise, the Commodity Futures Trading Commission said in a lawsuit filed Wednesday in federal court in Illinois. The purpose of the trade was to entice sellers to lower wheat prices in the cash market, according to the CFTC.

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