CBOT Increases Agricultural Daily Price Limits To Enhance Market Opportunity And Increase Efficiency

The Chicago Board of Trade announced today that it plans to increase CBOT price limits - which is the maximum daily price change - for its agricultural futures and options contacts. The new limits will be implemented in conjunction with the launch of the CBOT-Eurex Alliance electronic trading platform later this year, pending approval by the Commodity Futures Trading Commission.

The proposal to increase agricultural price limits will provide market users with more efficient price discovery and improved market access during volatile markets. The exchange has worked closely with members and market users in developing these modifications to the CBOT's agricultural contracts. The proposed changes will also simplify agricultural price limits by replacing the expandable price limit procedure with a single fixed limit for each market.