Winnipeg exchange hikes daily trading limits

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.