CME Group revises daily price limits for grains starting May 1

April 23, 2015 10:30 PM

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CHICAGO, April 23 (Reuters) - Daily price limits for Chicago Board of Trade corn and wheat futures will rise starting in May, while soybean limits will not change following a semi-annual review, the CME Group Inc, parent of the exchange, said on Thursday.

Under exchange rules, the CBOT resets daily limits for grains and oilseeds in May and November of each year, based on a percentage of the average settlement price of benchmark contracts during a roughly nine-week observation period.

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