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Trading in the commodity was halted after testing those lower limit bounds, and are currently priced 5.1 percent lower at $7.455 a bushel.
Wheat quoting was also temporarily halted in afternoon trade, after prices dropped 6.2 percent to $8.5575 a bushel.
The CBOT updates daily price limits on a daily basis, the equivalent of a circuit breaker in New York equity exchanges.
Prices of both agriculture commodities have moved violently as the drought across the U.S. aggravated the nation's crop.
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