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am i seeing things?

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  • hedgehog
    Senior Member
    • Oct 2009
    • 619
    #1

    am i seeing things?

    your markets page is showing wheat up by 48 cents on friday, am i hallucinating?
    is that limit up?
    Tags: None
    • ColevilleH2S
      Senior Member
      • May 2007
      • 1645
      #2
      That must be the Minneapolis May futures contract. It was up 48.6 cents per bushel on Friday. Closed at $8.37/Bus. Lots of outside money has been getting invested in these markets.

      I see the normal limit is 30cents/bus. Must be some other rule I'm not aware of, in order for the 48ยข move to happen. Maybe because of the USDA report, or being a Friday, or last day of the month, or ??? Anyone know the reason?

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        • errolanderson
          Senior Member
          • Jan 2012
          • 3126
          #3
          Believe the CBOT grain price limits were
          all expanded a while ago.

          To my knowledge, wheat is now 60 cents/bu
          daily limit, corn is 40 cents and soybeans
          believe is 70 cents. Canola is now $45/MT
          (hope I got this right).

          This are huge daily limits . . . .

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