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I, sec. 8, cl. 3; 42 Stat. 998, c. 369 (Grain Futures Act) Olsen , 262 U.S. 1 (1923), is a United States Supreme Court decision in which the Court upheld the Grain Futures Act as constitutional under the Commerce Clause of the United States Constitution .
The Grain Futures Act (ch. 369, 42 Stat. 998, 7 U.S.C. § 1) is a United States federal law enacted September 21, 1922 involving the regulation of trading in certain commodity futures, and causing the establishment of the Grain Futures Administration, a predecessor organization to the Commodity Futures Trading Commission.
The weekly report details trader positions in most of the futures contract markets in the United States. Data for the report is required by the CFTC from traders in markets that have 20 or more traders holding positions large enough to meet the reporting level established by the CFTC for each of those markets. 1 These data are gathered from schedules electronically submitted each week to the ...
A corn exchange is a building where merchants trade grains. The word "corn" in British English denotes all cereal grains, such as wheat and barley; in the United States these buildings were called grain exchanges. Such trade was common in towns and cities across the British Isles until the 19th century, but as the trade became centralised in ...
In futures contracts the buyer and the seller stipulate product, grade, quantity and location and leaving price as the only variable. [32] Agricultural futures contracts are the oldest, in use in the United States for more than 170 years. [33] Modern futures agreements, began in Chicago in the 1840s, with the appearance of grain elevators. [34]
The three Grain Exchange buildings in downtown Minneapolis are now listed on the National Register of Historic Places. In 1883, the Chamber of Commerce introduced its first futures contract: hard red spring wheat. By 1946 "Chamber of Commerce" had become synonymous with organizations devoted mainly to civic and social issues.
The Reading Company Grain Elevator was built as a grain elevator in 1925 by the Reading Railroad in Center City Philadelphia to replace an elevator that had operated on the same spot since the Civil War. The building was abandoned in the 1950s and refitted in the 1970, with the lower floor made into offices, the grain storage areas essentially ...
ContiGroup Companies, Inc (CGC) was founded by Simon Fribourg in Arlon, Belgium, in 1813 as a grain-trading firm. Formerly known as Continental Grain, ContiGroup has expanded into a multinational corporation with offices and facilities in 10 countries while employing more than 13,500 people worldwide.