Kraft, Mondelez charged by CFTC with manipulation of wheat futures

|About: The Kraft Heinz Company (KHC)|By:, SA News Editor

The CFTC says it has charged Kraft Foods (NASDAQ:KRFT) and Mondelez (NASDAQ:MDLZ) with manipulating wheat futures and cash wheat prices.

KRFT and MDLZ are also facing CFTC claims that they violated speculation limits by holding wheat futures positions in excess of thresholds established by the CFTC and the Chicago Board of Trade.

The CFTC filed a civil complaint against the two companies in federal court in Illinois.

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