Comment Text:
Dear Sirs,
I don't like the idea of expanded limits. Many times we see corn trade limit higher or lower and are told that synthetically it would be trading another 10 cents in that direction. Then during the next session we see the market go the other way. To me that signals that it is emotion and computer trading that take us to the limit, not fundamentals. This will happen regardless of what the limit is. By stopping it at a smaller limit it allows cooler heads to prevail in the next session. It also limits our margin money risk. Elevators would have to secure larger lines of credit that would go mostly unused most of the year. However we would have to have them in place for the few times each year that we have wild markets.
Tom Ritzdorf
