CME Group Will Reset Daily Trading Limits
CME Group announced some price limits for grains and oilseeds would be reset starting May 1 for the trade date of May 2, 2022. This is part of the usual semi-annual review of limit resets that occurs on May 1 and Nov. 1. Daily corn limits will change from 35 cents per bu. to 50 cents, with the new expanded limit moving to 75 cents. Soybean future limits will increase to $1.15, up from 90 cents with a $1.75 expanded limit. The daily limit for SRW and HRW wheat futures will drop 15 cents from the current level to 70 cents with expanded limits of $1.05. The soyoil limit would increase from 40 cents per pound to 50 cents with a 75-cent per pound expanded limit. Soymeal futures will increase from $25 per ton to $30 per ton with a $45-per-ton expanded limit.
