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Central, IA | There isn't a limit on the current contract. But it is $29 on the deferred's. Not sure why, but found this.
Effective Thursday, April 30, 2020 for trade date Friday, May 1, 2020, The Board of Trade of the
City of Chicago, Inc. (“CBOT”) and Chicago Mercantile Exchange Inc. (“CME”) (collectively, “the
Exchanges”) will reset price limits for grain, oilseed, and lumber futures. This is the first of the two
price limit resets in 2020 that is stipulated by the variable price limits mechanism pursuant to each
product’s respective Rulebook Chapter, as linked below.
The new futures price limits effective on trade date May 1, 2020 are shown in the table below and
will remain in effect until the first trading day in November 2020. For financially settled (Platts)
Black Sea Corn, Black Sea Wheat, Black Sea Sunflower Oil, and Australian Wheat, and for
Random Length Lumber, there shall be no price limits during the contract month; for all other
contracts below, 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. All mini-sized grain and oilseed futures
will have the same daily price limits as their corresponding standard-sized futures, and all half
month futures will have the same daily price limits as their corresponding standard futures.
Contracts with no price data retain their existing daily price limit. In addition, please be reminded
that CBOT previously removed price limits for all grain and oilseed options contracts. | |
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What's with lumber limits?
