Price limits for canola, barley, and feed wheat futures traded on ICE Futures Canada will be revised starting with the March 14 trading session, according to a participant notice Wednesday.
The daily limit for canola will increase to $45 per tonne from $30. The daily limits for feed wheat and western barley will both increase to $15 per tonne, from current levels of $10, according to the notice.
ICE Futures Canada — called the Winnipeg Commodity Exchange up until its new owner, U.S. exchange ICE, renamed it in January — said expanded limits will be implemented if the settlement prices of any two contracts in a given commodity close at the regular limits.
In the following session, the limit for canola futures will increase to $60 per tonne, while feed grains would see their limits increase to $20 per ton. The daily limits will revert back to their regular levels following a session when settlement prices do not meet the criteria for expansion, the exchange said.
