Effective Nov. 2 for trade date Nov. 3, CBOT will reset price limits for grain and oilseed futures. This is the second and final reset in 2014 stipulated by the variable price limits mechanism implemented on the first trading day in May 2014, according to CME Group.
The new futures price limits effective on trade date Nov. 3 are shown in the table below and will remain in effect until the first trading day in May 2015.
There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month, CME said. All mini-sized grain and oilseed futures will have the same daily price limits as their corresponding standard-sized futures.
CBOT previously removed price limits for all grain and oilseed options contracts.
Find more information on this announcement on the CME Group Web page.