Chicago Exchange Plans to Raise Daily Price Limits in Corn
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CME Group Inc., the world’s largest futures exchange, is seeking to expand its daily price limits on Chicago Board of Trade corn contracts by 33 percent after grain markets surged and volatility increased.
The proposal calls for the daily trading limit to be increased to 40 cents a bushel from 30 cents, the CME said in a notice on its website. The company organized a meeting with corn industry officials in Chicago yesterday to discuss the plan. The exchange needs approval from the U.S. Commodity Futures Trading Commission to raise daily limits.