If oat futures closed yesterday at $2.43 and the limit is 20 cents, the futures price today must stay between $2.23 and $2.63 as long as the contract in question is not for delivery in the current month.

Question

Quizplus · Accepted Answer

Futures contracts have daily price limits that prevent the price from moving beyond a certain amount in a single trading day. If oat futures closed at $2.43 and the limit is 20 cents, then the price must indeed stay within the range of $2.23 to $2.63, unless the contract is for delivery in the current month, in which case the limits may not apply.

If Oat Futures Closed Yesterday at $2