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Daily Trading Limits
I've been trying to find out the lock limit information on some CBOT contracts - namely SOYBEAN MEAL. Here's what I found on CORN
Daily Price Limit
Twenty cent ($0.20) per bushel ($1,000/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
What doesn't make sense to me, is it says "No limit in the spot month", yet i've heard in the news of corn going limit down recently. How exactly do I find out what contracts lock and which ones don't. (Note that I only trade the front month contracts)
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