“October 17, 2013

CFTC Announcement Concerning Commitments of Trader and Cotton on Call Reports

Washington, DC – The U.S. Commodity Futures Trading Commission’s (CFTC) announced today that the Commitments of Traders and Cotton on Call reports previously scheduled for release on October 17^th and October 18^th respectively, will not be published this week. The CFTC is performing the work necessary to resume publishing these and other reports and will announce a revised schedule once more information becomes available.”

The CFTC will not publish COT data during the US government shutdown. (There is no other source for this information.)

Appointed by President Bush in 2007, Sommers previous job was chief lobbyist for the International Swaps and Derivatives Association, and is the poster child for “First, Do Nothing” in regulatory reform in the financial industry. As Commissioner, she opposed implementation of any regulation that might impact the ability of the four large swap dealers who account for 94% of swap contracts: JP Morgan/Chase, Bank of America, Citigroup, Goldman Sachs.

Watch the news. Best guess is she will land on her feet–in a plush office with a major bank.