REVISED CBOT CORN PRICE LIMITS PROPOSAL

After listening to concerns from segments of the corn market, the Exchange has revised its proposal to increase price limits in CBOT Corn futures and options. The Exchange is now proposing, pending CFTC approval, to increase price limits in CBOT Corn futures and options to $0.40 per bushel per day expandable only once to $0.60 per bushel per day when at least two contracts close at limit bid or limit offer on the previous trading day. The previous proposal sought to increase price limits to $0.50 per bushel per day expandable to $0.75 and then to $1.10.

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