# CME Announces Resetting of Price Limits for Grain, Oilseeds, Lumber

> CME reset daily price limits for grain, oilseed and lumber futures effective May 1, 2022. Corn's limit rises from 35 to 50 cents per bushel, soybeans from 90 cents to $1.15, and soybean meal from $25 to $30 per ton, while Chicago and Kansas City wheat limits fall from 85 to 70 cents.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41893-cme-announces-resetting-of-price-limits-for-grain-oilseeds-lumber
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Wider limits allow larger daily price moves in volatile markets, which raises short-term price risk for feed buyers hedging corn, soybean meal and oats.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral
- OATS: neutral
- WHEAT: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/market-matters-blog/blog-post/2022/04/28/cme-announces-resetting-price-limits
- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/market-matters-blog/blog-post/2022/04/28/cme-announces-resetting-price-limits-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.