We don’t know what all of this new math’s real impact will be on the markets.The CBOT Group continues to mess around with the futures markets. We’re never certain which segment of the trading population it is trying to please with these changes, but that really doesn’t matter at this point. The latest alteration revolves around the daily trading limits for futures markets. Currently, the daily trading limits for corn, wheat and soybeans are 30 cents, 60 cents and 70 cents, respectively. Soymeal is $20 and soyoil is 250 points. Beginning 1 May 2014, assuming CFTC approval, the CBOT will move to a variable price limit mechanism. Some of the details are:
New price limits will reset every six months on 1 May and 1 November. The first reset...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
