comment_details: AMS-CN-22-0061-0006

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AMS-CN-22-0061-0006 RE: Docket AMS-CN-22-0061-0001 FRN 2023-06231<br/><br/>The U.S. Department of Agriculture&rsquo;s Agricultural Marketing Service has a duty to facilitate the efficient fair marketing of U.S. agricultural products, including cotton. Undoubtedly, the scope and importance of this program has seen advances, diversity and changes in spot markets over the past 75 years.<br/><br/>Several aspects of the structure and operations of the cotton spot markets interact in certain cases such as in the East Texas/Oklahoma market to become irrelevant but others profess the need in the proposed action to move to the West Texas cotton market.<br/><br/>Certain factors that are prevalent or at least noticeable in the East Texas/Oklahoma market is that there may be low trading volume and a small number of traders make the majority of trades. The AMS should ensure that participants do not have the ability to have a sustained influence on prices; rather it continues to be a public market in West Texas. <br/><br/>True market value is important to all participants in these markets and moving commodity markets at the behest of large trade associations should be reviewed carefully by the AMS so that the Service continues to have consistent oversight of the markets and entities to ensure alignment with current regulations as well as those proposed in this 7 CFR Part 27 proposed rulemaking.<br/><br/>However, if this change facilitates fair trade and marketing of cotton and the AMS can adapt quickly to meet the changing needs of the industry, this rule making should be considered for approval. A healthy agricultural industry is always vital to the economic health of the country.<br/><br/>     Bruce Grimm Mesa AZ   United States Comment(s)   lhx-ihht-ruio 0 AMS-CN-22-0061-0001 2023-05-21T04:00:00Z       1 0