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CME CHANGES DAILY PRICE LIMIT MOVES FOR GRAINS, SOYBEANS
Red River Farm Network reports:

The CME Group plans to change the way it sets one-day price limits in corn, soybean and wheat futures trading and to remove price limits for all grain and oilseed options.

The new variable limits, which will apply to all grain, soybean and soybean-related contracts on the Chicago Board of Trade, will be based on market prices and will be changed twice a year-on May 1 and November 1.

For corn, the new daily price limit will drop to 35 cents, from 40 cents currently. The soybean limit rises to $1.00 from 70 cents, and the Chicago wheat daily price limit will drop from 60 cents to 45 cents per bushel.


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