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April 22, 2014

CME Group to Automatically Reset Trading Limits May 1 & Nov 1

by Todd E. Gleason

The CME Group Inc said today it will implement a new system for setting daily price limits for U.S. grain and oilseed futures starting next month. It will regularly change the limits to markets including corn, soybeans and wheat. These will reset twice a year with the change based on underlying price levels. CME will also remove price limits for all grain and oilseed options.

Both changes are set to take effect the first trading day of May which begins the evening of Wednesday April 30th. The semi annual adjustment of the limits will widen the trading range during periods of higher prices and narrow the limits when market prices are lower.

The reset dates will be the first trading day in May and the first day in November.

On May 1, the initial daily limit for corn will drop to 35 cents a bushel from 40 cents, rise to $1.00 from 70 cents for soybeans, and drop to 45 cents a bushel from 60 cents for CBOT soft red winter wheat.

 
Categories: Agriculture
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WILLAg Notes

April 20, 2014

10pm on a Saturday Night

by Todd E. Gleason

It can be lonely on the farm. However, it sure looks like Twitter is letting guys striving for the same thing talk in realtime when they're busy. This 'screen shot' is a 10pm Saturday night conversation from a western Illinois farmer. He simply asked for a roll call of who was still in the field. The answers came back from across the Midwest.

 
 
Categories: Agriculture


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