Comment Text:
Do not raise the corn price movement limit. There is no useful purpose to raising the initial daily corn price limit beyond the current 30 cents per bushel. With the allowed expansion of limits after a lock-limit move, the market has not locked limit on successive days even throughout the volatility of the last year. Maintaining the current rules allows cooler heads to prevail and offers time for risk managers, elevator operators, bankers, farm producers and corn end users to properly fund margin accounts for the next trading session. Please leave the daily limit rules as they stand.