Chicago-based food companies Kraft Heinz and Mondelez International have agreed to jointly pay $16 million to settle long-pending charges that they manipulated wheat prices to their advantage in 2011.
The Commodity Futures Trading Commission, the federal regulator of the agricultural futures market, first filed the charges in 2015. The agency said the companies, which in 2011 were together under the Kraft name, made a $5.4 million profit on illegal trading.
