CME to Expand Open Out-Cry Trade on USDA Crop Report Days

May 25, 2012 03:13 AM
 

CME Group today announced it will offer expanded floor trading hours in its CBOT grain and oilseed futures and options during major USDA crop reports, pending CFTC certification. The floor trading open will be changed to 7:20 a.m. CST, from 9:30 a.m. CST, on mornings of specified reports beginning June 12, 2012.

The major USDA reports that will initiate early opening include:

  • WASDE
  • Crop Production
  • Prospective Plantings
  • Acreage

 

The following dates will be affected for the remainder of 2012:

  • June 12 (WASDE, Crop Production)
  • June 29 (Acreage)
  • July 11 (WASDE, Crop Production)
  • August 10 (WASDE)
  • September 12 (WASDE, Crop Production)
  • October 11 (WASDE, Crop Production)
  • November 9 (WASDE, Crop Production)
  • December 11 (WASDE, Crop Production)

 

Products included in the expanded hours are CBOT Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Oats, and Rough Rice futures and options. Open-outcry trading hours will continue to close at the same time, 1:15 p.m. CST Monday to Friday.


Juli says: This "issue" is not settled as USDA is holding discussions on the issue of whether to move the release of key agency reports based on the expanded trading hours in grain futures.

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