Breaking News-RTRS-Limit to widen for CBOT corn, soybean, meal, oil
Posted by Labels: Trader's highlightCHICAGO, Oct 6 (Reuters) - The daily trading limits for Chicago Board of Trade corn, soybean, soymeal and soyoil futures will expand for Tuesday's session, following limit declines in those commodities on Monday, CME Group said.
For corn, the limit widens to 45 cents per bushel from 30 cents.
For soybeans, the limit widens to $1.05 per bushel from 70 cents.
For soymeal, the limit expands to $30 per ton from $20.
For soyoil, the limit moves to 3.5 cents per lb from 2.5 cents.
The limit in rough rice futures reverts to 50 cents per hundredweight, after widening to 75 cents for Monday.
The daily limit for each commodity widens by about 50 percent when two or more contract months within the first five to eight non-spot contracts, or the remaining contract in a crop year, close at a limit bid or limit offer.
When no contract months close at an expanded limit bid or limit offer, the price limits revert.
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