One of the most volatile price swings in wheat futures
pounded a number of locals at Chicago Board of Trade (CBoT) and
prompted speculation that one fund had also suffered heavy
losses while the erratic trading temporarily shut down the
exchange's E-CBoT platform last week.
The price moves, which were largly believed to be caused by
large influxes of fund money, shut down E-CBoT last Monday and
forced the exchange to re-price a number of floor-traded wheat
spreads that were traded outside limits set by the exchange. It
marked the latest hiccup the platform has had since moving its
benchmark grains side-by-side with the floor on 1 August.
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