Beginning Nov. 1, the Chicago Board of Trade and the Chicago Mercantile Exchange Inc. (CME) reset price limits for grain, oilseed and lumber futures, according to a press release.
Corn and soybean futures will go down 10 cents per bushel to 35 cents and 95 cents, respectively. The extended price limit changed to 55 cents for corn and $1.45 for soybeans.
The soybean oil futures price limit is unchanged at 40 cents per pound with an extended price limit of 60 cents. Soybean meal futures price limit will go from $30/ton to $25/ton, with an extended price limit of $40.
Wheat futures will go down 10 cents to 50 cents a bushel for Chicago and Kansas City futures, with an extended price limit of 75 cents.
The new futures price limits will be effective until the first trading day in May 2024.
