Commodity Markets Council

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Commodity Markets Council
Founded 2006
Headquarters Washington, D.C.
Key People Greg Doud, President; Charles Carey, Chairman
Twitter @CMCorg
Web site

The Commodity Markets Council (CMC) is a trade association that brings together commodity exchanges with their industry counterparts. The activities of the group's members represent the spectrum of commercial users of all futures markets including agriculture, energy, metals and financials.

The group's industry member firms are regular users of CME Group, ICE Futures US, Kansas City Board of Trade, Minneapolis Grain Exchange and New York Mercantile Exchange.[1]

Products and Services

CMC is positioned to provide the consensus views of commercial end-users of derivatives exchanges and the exchange markets. Over the years, CMC and its predecessor organization the National Grain Trade Council,[2] worked with the Commodity Futures Trading Commission (CFTC) and lawmakers to improve transparency and accountability in these markets.

John Lothian News Interviews

Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013
Sanjeev Joshipura, (then) president of Commodity Markets Council, talks about how Dodd-Frank rules will impact his membership base. Joshipura talks with JLN editor-in-chief Jim Kharouf about the future of the controversial position limit rule, which was vacated by a US District Court on September 28, 2012. A new position limit rule is expected from the Commodity Futures Trading Commission (CFTC), which will include a cost-benefit analysis. CMC is also focused on the CFTC’s reauthorization this year and the continuation of EMIR regulations. Joshipura also talks about US and EU regulatory harmonization and the challenges facing that goal. Published Feb. 7, 2013.[3]


CMC's forerunner, the National Grain Trade Council (NGTC), began in 1936 to represent grain traders and exchanges before the U.S. federal government. In 2006, the NGTC reorganized as the CMC to represent a broad swath of hedgers. While active in agricultural issues, CMC has expanded to finance, energy, and metals issues.

Key People


  • Charles Carey, Chairman, CME Group
  • Clive Christison, Vice-Chairman, BP Corporation
  • Derek Sammann, Treasurer, CME Group
  • Alex Albert, ICE Futures US
  • Mark Bagan, Minneapolis Grain Exchange
  • Jim Banachowski, The Andersons Inc.
  • Andy Bose, S&P Global Platts
  • Ray Bradbury , ADM
  • John Buboltz, Cargill Inc.
  • Reginald Griffith, Louis Dreyfus Commodities
  • Rick Beaman, NASDAQ
  • Eric Chern, CTC Trading Group, LLC
  • Rich Feltes, RJ O’Brien
  • Jason Manumaleuna, Rosenthal Collins Group, LLC
  • Jerry Jeske, Mercuria Energy Trading
  • Robert Jones, Wells Fargo
  • Tom LaSala, CME Group
  • Jim Layton, Laymac, Inc.
  • Dave Lehman, CME Group
  • Chris Nikkel, Bunge North America
  • Ed Prosser, Gavilon Global Ag Holdings, LLC
  • John Murphy, Mizuho
  • Gene Rozgonyi, Southern Company Gas


Exchange Members

Industry Members



  1. CMC Membership. CMC.
  2. NGTC Restructures As Commodity Markets Council. The Free Library.
  3. Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013. John Lothian News: Restoring Customer Confidence.