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CME widened daily price limits for Chicago soft red winter and Kansas City hard red winter wheat futures to 75 cents a bushel for Friday's trade, after both March and May contracts hit the normal 50-cent limit on Thursday. Limits revert to 50 cents on Monday unless another limit move occurs.
Expanded limits signal extreme volatility and a sharp price move in wheat, which raises hedging costs and price risk for feed buyers.
reuters.comJulie IngwersenFeb 24, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
