Agricultural Investments

April 24, 11:44 Source: APK-Inform Views: 84

CME Group Changes its Grain Price Limits System

CME Group Inc., the world’s largest futures market operator, owner of the Chicago Board of Trade (CBOT) and other exchanges, is implementing a new system for setting daily price limits for U.S. grain and oilseed futures effective next month.  CME will apply limits to markets including soy, wheat, and corn that reset twice a year on the first trading day in May and the first trading day in November based on underlying price levels, and will remove price limits for all grain and oilseed options.  The changes for futures contracts limits will allow high price limits when market prices are high and lower price limits when market prices are low.  On May 1st, the daily limit for corn will drop to 35 cents per bushel from 40 cents per bushel; the daily limit for soybeans will rise to $1 from 70 cents, and the daily limit for CBOT wheat will drop to 45 cents per bushel from 60 cents per bushel.

 

Source: globalaginvesting.com

Comments

You should be authorized to post comment

Topic articles