As of May 1, there are new limits for grain, oilseed and lumber CME futures.
“This is the first of the two price limit resets in 2022 that is stipulated by the variable price limits mechanism pursuant to each product’s respective rulebook chapter,” CME said in a news release.
The following are the new limits: 50 cents (previously 35 cents) per bushel for corn with an extended price limit of 75 cents, 45 cents (previously 40 cents) per bushel for oats, $1.15 (previously 90 cents) per bushel for soybeans with an extended price limit of $1.75, and 70 cents (previously 85 cents) for Chicago wheat futures and Kansas City wheat futures with an extended price limit of $1.05.
Other price limits affected by the change can be found at cmegroup.com.
