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In response to rising prices and volatility in the corn markets, in May 2011 CME Group proposed an increase in daily price limits for corn futures trading, subject to CFTC approval. This article explains the historical effects of price limits on these markets. It provides solid data, in response to concerns from corn market participants that increasing price limits would increase volatility, that historically the opposite has been true: Increased price limits have been followed by lower market volatility and margin requirements.
Corn Price Limits and Margin Requirements includes discussion of:
There are two graphs that provide data on:
A chart of price data compares results of price limit increases from 1993, 2000 and 2008.
This article was written by senior staff at CME Group.