Please be advised that the rules governing expandable daily price limits for futures on Random Length Lumber, Oriented Strand Board, Dry Whey, Cheddar Cheese Block and Nonfat Dry Milk have been revised, effective at the start of trading on Monday, June 25, 2001.
Expandable limits are triggered by price settlements at the limit bid or limit offer. The rules governing expandable limits were intended to allow expandable limits to be retained as long as prices continue to settle at limit bid or limit offer levels, regardless of the direction of the subsequent price movement. Recent questions made it necessary to clarify these rules to specify that limit movements subsequent to the triggering of expanded limits need not be in the same direction as the original move that triggered the expanded limits.
