ARLINGTON, VIRGINIA, US — The National Grain and Feed Association (NGFA) gave its support to the advancing nomination of Rostin Behnam as chairman of the Commodity Futures Trading Commission (CFTC).

The Senate Agriculture Committee voted to advance Behnam on Nov. 4 after having a hearing to consider his nomination. His nomination now moves to the full Senate.

“Acting Chairman Behnam has the experience and background that make him exceptionally qualified to serve as CFTC chairman,” said Mike Seyfert, president and chief executive officer of the NGFA. “We deeply appreciate the willingness of Mr. Behnam to be open to NGFA-member companies’ input on rulemakings during his time as CFTC commissioner and look forward to working with him as chairman. NGFA urges the full Senate to approve his nomination.”

Behnam joined the CFTC in 2017 and since January 2021 has served as the acting chairman. In 2019, Behnam spearheaded the establishment of the CFTC’s Market Risk Advisory Committee’s Climate Related Market Risk Subcommittee. Behnam previously served as senior counsel to Senator Debbie Stabenow of Michigan, chairwoman of the Senate Agriculture Committee.