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CFTC Accuses Kraft Foods, Mondelez Of Market Manipulation

Law360, New York (April 1, 2015, 6:10 PM EDT) -- The U.S. Commodity Futures Trading Commission on Wednesday sued Kraft Foods Group Inc. and Mondelez Global LLC, accusing the global food manufacturers of manipulating wheat prices and breaking limits on speculative positions on the grain used in products ranging from Oreos to Wheat Thins.

According to the lawsuit filed in the Northern District of Illinois, the alleged manipulation occurred when Kraft and Mondelez, which were then wholly-owned units of Kraft Foods Inc., seized upon the high cash prices that wheat commodities were commanding during summer 2011. ...
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