CME Announces Expanded Limits for Grains and Oilseeds

CHICAGO, IL – The Chicago Board of Trade and Chicago Mercantile Exchange have announced a reset on price limits for grain, oilseed, and lumber futures. According to a press release from the CME Group, this is the first of the two price limit resets in 2021. The new futures price limits effective on trade date May 3, 2021, and will remain in effect until the first trading day in November 2021. Corn future’s current initial price limit is 25¢ per bushel, with the new initial price limit at 40¢ and the newly expanded price limit at 60¢. Soybean futures are currently 70¢ per bushel, with the new initial price limit moving to $1 and the newly expanded price limit at $1.50. Wheat futures are currently 40¢ per bushel, the new initial price limit is 45¢, and the newly expanded price limit is 70¢.
(SOURCE: All Ag News)