WASHINGTON — The Commodity Futures Trading Commission on Wednesday held its first Agricultural Advisory Committee meeting of 2026 in Washington. Following opening remarks from CFTC Chairman Michael S. Selig, Senator Tommy Tuberville (R-AL), and AAC Chairman Ed Prosser, membership discussed the Basel III proposal, risk management tools for agricultural end users, 24/7 trading and emerging markets, and recent CFTC activity in the agricultural industry. 

At 1 p,m. ET, Chairman Selig convened the meeting and delivered opening remarks. “President Reagan remarked that ‘this Commission is one of my favorites because it proves that government can do a good job without soaking up the taxpayers’ money or overregulating the marketplace’ and it ‘does its job without hindering industry growth and innovation.’ It’s my hope as Chairman to ensure that President Reagan’s words continue to ring true today and for years to come,” said Chairman Selig. Watch his full remarks here.

Following Chairman Selig’s remarks, Senator Tuberville addressed AAC membership. “Don’t let your problems go unsolved because they can be solved up here… Let’s make farming better. Let’s give the farmers a chance,” said Senator Tuberville. Watch his full remarks here.

Following Senator Tuberville’s remarks, Chairman Prosser addressed AAC membership. “This is the venue where we can explore ways that new technology could promote new efficiencies in our markets, and, even more importantly, where market structures designed for different commodities might not benefit, or might even hurt, the efficiencies our markets have today. The insight and expertise around this table will be essential as we work through them,” said Chairman Prosser. Watch his full remarks here.

At 1:20 p.m. ET, representatives from the Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation delivered a presentation on the Basel III Proposal followed by AAC member discussion. Watch the presentation here.

At 1:45 p.m. ET, CFTC Division of Data Director Jessica Harris delivered a presentation on the Commitments of Traders (COT) Report followed by AAC member discussion. Watch the presentation here.

At 2:05 p.m. ET, AAC Chairman Posser convened a panel on potential gaps in risk management tools for agricultural end users featuring representatives from the U.S. Department of Agriculture, and AAC members from the American Farm Bureau Federation, National Cattlemen’s Beef Association, and National Corn Growers Association followed by AAC member discussion. Watch the panel here.

At 3:10 p.m. ET, Liam Smith, AAC member representing PTG, delivered a presentation on perpetual futures’ funding rate mechanism followed by AAC member discussion. Watch the presentation here.

At 4 p.m. ET, Chairman Selig adjourned the meeting.