Comment Text:
Lowe's Pellets & Grain is a commerical user of corn. We manufacturer animal feed and run a commercial grain elevator for corn, soybeans and wheat. The proposed need to increase the limit on corn futures to 50 cents per bushel is unnessary. Even with the increasing volatile movements in the market, we have hit the 1st day 'limit' moves but we have not needed the second day increased limit. Increasing the 'limit' to 50 cents per bushels will no doubt increase the amt of initial margin money that is required to just 'sit' in Chicago. This type of action only increases fees for our customers, and in turn to their customers, which are those of us who eat everyday.
The 30 cent limit is sufficient for the market to work effectively.
Sincerely,
Dawn R. Schuman
Lowe's Pellets & Grain
Greensburg, IN
