Jul 25, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

CME Announces Reduced Grain, Oilseed Trading Hours

March 5, 2013

CME Globex and floor hours to be reduced for both CBOT grain and oilseed and KCBT markets

Official news release from CME Group:

CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will reduce grain and oilseed trading hours following comprehensive outreach to producers, commercial customers, traders and other industry participants who manage their risk in its markets. Pending CFTC review, trading in CBOT grain and oilseed and KCBT markets will be reduced from the current 21 hours, both on the floor and via its CME Globex electronic trading platform, for the Monday, April 8, 2013, trade date.

"Over the past several months, we have received significant customer feedback about the current CBOT grain trading hours," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "As a result, we engaged our customers more formally through one-on-one conversations, focus groups and an online survey, which attracted more than 4,000 responses, to determine what hours best meet their needs. While there were varying opinions about what the modifications to hours should be, we believe these changes balance the needs of our diverse global customers based on their feedback."

Beginning April 8, electronic and floor trading hours for CBOT Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Rough Rice, Oats, and KCBT Wheat futures and options, plus all related CBOT and KCBT calendar spread options and inter-commodity spread options, will be amended as follows:

  • Sunday to Friday, electronic trading from 7:00 p.m. to 7:45 a.m. CT
  • Monday to Friday, break in electronic trading from 7:45 a.m. to 8:30 a.m. CT
  • Monday to Friday, floor and CME Globex trading from 8:30 a.m. to 1:15 p.m. CT

 

Daily settlements for CME Globex and floor trading of these products will be based on market activity at or around 1:15 p.m. CT each day. Mini-Sized Corn, Mini-Sized Soybeans and Mini-Sized Wheat will continue to trade on CME Globex and on the floor until 1:45 p.m. CT.
 


 

See Comments

RELATED TOPICS: Marketing, Global Markets

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions