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Kraft seeks dismissal of two counts in wheat price manipulation case

Reuters The CFTC in April accused Kraft Foods and Mondelez of making massive bets in Chicago's futures markets in late 2011 as part of a plot to drive down the physical price of wheat they used in products such as Oreo cookies and Ritz crackers. The CFTC said the companies had violated speculative position limits and engaged in numerous noncompetitive trades in wheat. Kraft made reasonable busin…