Looking at the chart below, July corn had been trading very bullish until March where we saw a little dip and a return to the trend again in April.
Having all-time highs being set in early April, the CME may be raising the daily limit on CBOT corn trading from 30 cents to 50 cents. The increase in the limit could cause corn futures to become more volatile. With Mother Nature determining the swings in the market the adjustment may be necessary.
July corn ended the day up 4 ¼ to $7.72 ¾ a bushel.
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Senior Commodities Broker
Peter's interest in trading began during a college internship with Bunge North America on the floor of the Chicago Board of Trade, where he assisted commodities traders and performed market research and analysis. Upon earning a B.A. in Economics from the University of Iowa, Peter served as an Analyst, Transaction Manager and Team Lead in the Global Trust Divisions for LaSalle Bank and Bank of America, where he managed transaction activity in multi-million dollar client fixed income and asset-bac.... Read More
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