Japanese rice futures, delisted for 70 years, returns for trading today only for...

Discussion in 'Trading' started by bond_trad3r, Aug 8, 2011.

  1. ...trading to be halted immediately hitting limit-up.

    70 years after rice futures trading was halted on the Tokyo Grain Exchange, it was finally reopened today... only to be halted immediately. The reason: concerns that Fukushima radiation would destroy rice crops and collapse supply sent the contract price soaring from the reference price of Y13,500 to a ridiculous Y18,500 at which point it was halted.