New daily trading limits for grain and oilseed futures traded in Chicago will take effect May 1 after approval from the Commodity Futures Trading Commission, according the CME Group. On May 1, the initial daily price limits will be as follows:
| Commodity | Current initial price limit | New initial price limit (effective May 1, 2014) | New expanded price limit (effective May 1, 2014) |
| Corn | $0.40/bu. | $0.35/bu. | $0.55/bu. |
| Soybeans | $0.70/bu. | $1.00/bu. | $1.50/bu. |
| SRW wheat | $0.60/bu. | $0.45/bu. | $0.70/bu. |
| HRW wheat | $0.60/bu. | $0.50/bu. | $0.75/bu. |
| Soybean oil | $0.025/lb. | $0.03/lb. | $0.045/lb. |
| Soybean meal | $20/ton | $30/ton | $45/ton |
| Oats | $0.20/bu. | $0.25/bu. | $0.40/bu. |
| Rough rice | $0.50/cwt. | $1.10/cwt. | $1.65/cwt. |
The daily price limits will be reset twice per year -- on the first trading day of May and the first trading day in November -- based on underlying price levels. There will be no daily price limits for grain and oilseed options.
