WASHINGTON, D.C., U.S. — The U.S. Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against ARMKAT LLC for violating spot-month speculative position limits in soybean oil and soybean meal futures.

The order found that on Nov. 29, 2016, ARMKAT held 900 contracts short in the Chicago Board of Trade’s December 2016 Soybean Oil futures contract, which exceeded the 540-contract, spot-month limit established by the CFTC. 

Additionally, on July 31, 2018, ARMKAT held 875 short August 2018 Soybean Meal futures contracts, which exceeded the 720-contract, spot-month limit.

The order requires ARMKAT to pay a $140,000 civil monetary penalty.

ARMKAT LLC is a family-operated trading entity based in Winnetka, Illinois, U.S.

The CFTC’s investigation was conducted in parallel with a related inquiry by the CME Group (CME), which also announced a disciplinary action.  The CFTC said it acknowledges and appreciates the assistance of the CME.