Minneapolis Grain Exchange Announces Increased Daily Price Limits For Wheat Contracts

The Minneapolis Grain Exchange (MGE) announced today it received approval from the Commodity Futures Trading Commission to increase maximum daily price fluctuation limits for its three wheat futures and options contracts-hard red spring, white and durum. The changes will be effective Monday, Aug. 28, 2000, and apply to all existing and newly listed wheat contract months.

The maximum fluctuation limit will change from 20 cents per day to 30 cents per day. Additionally, there will be no variable price limits for the wheat contracts.

The Minneapolis Grain Exchange, established in 1881, is the only market for futures and options on hard red spring wheat, white wheat, durum wheat, cottonseed, black tiger shrimp, white shrimp and on- and off-peak Twin Cities electricity. For more information about the MGE, visit www.mgex.com.