CME Group Expands Daily Price Limits for Grains

President Biden wrapped up the virtual global climate summit last week saying he wants to shift the conversation from climate threats to economic opportunities. The president is pledging to cooperate with other nations in researching and deploying new strategies to decarbonize key industries.

The CME Group announced after a routine biannual review, it has decided to expand daily price limits for Chicago Board of Trade grain and soy futures. The new limits will take effect May 2 for trades dated May 3.

What did you promise yourself in 2020 that you should do now? While spring is busy, you can find bits of downtime. Consider using those slower hours to ponder how your summer and fall can be new and improved.

With corn prices soaring as stocks dwindle, large Brazilian meatpackers are turning to wheat, Francisco Turra, president of ABPA's advisory body, told Reuters. He says wheat can fully replace corn in feed for pork and poultry.

One type of beer is being made to taste bad on purpose. Details in today's AgDay Minute.