Agribusiness Update for Monday 09/09/13

This is the Agribusiness Update...I'm Greg Martin... There are reports that rules designed to make the futures market safer could be recommended for Commodity Futures Trading Commission approval. A vote could come as soon as next week. The package of rules is expected to include a provision that could require futures brokers to set aside about twice as much collateral as firms are currently required to hold. The Renewable Fuels Association says developments this summer severely undermine Big Oil's monopoly-protecting narrative. While Congress has been away - RFA President and CEO Bob Dinneen says much has happened to set the record straight on ethanol. He says rising gas prices have made the value proposition of ethanol compelling for consumers - with drivers turning out in large numbers to purchase record volumes of low cost, renewable E85. A ruling is expected this week regarding a motion filed by plaintiffs asking the court to temporarily enjoin the U.S. country of origin labeling rule published by USDA. USDA's revised regulations were prompted by a WTO ruling that certain aspects of USDA's existing regulations violated the United States' trade obligations.     That's today's Agribusiness Update from the Ag Information Network.