After a biannual review, the CME Group is expanding the daily price limits for the Chicago Board of Trade grain and soy futures, and the new limits go into effect on May 2. The new limits include 40 cents for corn, currently at a limit of 25 cents a bushel. Soybean limits are now one dollar per bushel, with the current limit at 70 cents.  Soy Meal is up to $30 per short ton, soil oil is now 3.5 cents a pound, and soft and hard red wheat futures are both up to 45 cents per bushel. CME price limits represent the maximum price range permitted for a futures contract in each trading session. Jason Winter is a Risk Advisor with Advance Trading Incorporated based in Fargo, North Dakota.