CME Expands Wheat Lock Limit Yet Again

When wheat begins trading this evening, the CME has once again increased the maximum trading range of wheat. This time, wheat can trade up to $1.35 in one day! That's more than four times the amount wheat was permitted to trade just over 2 weeks ago! Today's settlement was $12.14 4/8, and the new lock limit this evening will be $13.49 4/8. Astounding!