Market Matters
Katie Micik DTN Markets Editor
Wed Mar 19, 2014 07:59 AM CDT

OMAHA (DTN) -- The daily limits on how far grain futures contract prices can move each day will be reset twice a year according to a new formula, CME Group announced on Wednesday.

The new variable price limit mechanism will allow higher limits when prices are high and lower limits when prices are low. It replaces the current fixed limits of 40 cents per day in corn contracts and 70 cents per day in soybean contracts.

The variable limits, which must be approved by the Commodity Futures Trading Commission, are scheduled to go into effect on May 1 for all ...

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