Open Cut List Error - (trim size too large, standard panel too small)

Hello
I have one component in my model, sized at 2440 x 500 mm thickness 18mm materials type set at sheet goods, standard panel size is set at 2440x1220, thickness 18

When I run report in Open Cut List to generate a cutting diagram i get this error (trim size too large, standard panel too small, saw kerf too large, …).

Hoping someone may have had a similar issue and point me to what I am doing wrong.