The civil decision wraps four years of litigation, after the US Commodity Futures Trading Commission (CFTC) charged the two CPG companies with noncompetitive trading and inflating wheat futures.
Mondelez International and Kraft Foods have filed a motion to dismiss fraud allegations in a wheat manipulation case brought forward by the US Commodity Futures Trading Commission (CFTC).
Mondelēz will bear the brunt of any potential financial sanctions if a charge of manipulating wheat prices brought yesterday by The U.S. Commodity Futures Trading Commission (CFTC) succeeds.
The US Commodity Futures Trading Commission (CFTC) has approved changes to the Chicago Board of Trade (CBOT) wheat futures contract in an effort to bring prices back in line with cash values – but warned that they may not go far enough.
