Home / News / Business news / CME Group trims back trading hours

CME Group trims back trading hours

Jeff Caldwell 03/05/2013 @ 8:23am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The CME Group is again changing trading hours for corn, soybeans, wheat and other ag futures and options contracts.

Tuesday's announcement comes after "comprehensive outreach to producers, commercial customers, traders and other industry participants," and effectively trims trading from the 21-hour daily schedule ratified last year.

Now, open outcry trading will happen from 8:30 AM to 1:15 PM Central Time each weekday. Electronic trading will happen from Sunday to Friday, from 7:00 PM to 7:45 AM. There will be a 45-minute break between the close of electronic trading and the start of open-outcry trading.

The change, which will go into effect on Monday, April 8, affects:

  • Corn futures
  • Soybean futures
  • Wheat futures
  • Soybean meal futures
  • Soybean oil futures
  • Rough rice futures
  • Oat futures
  • KCBT wheat futures and options
  • CBOT and KCBT calendar spread options
  • Inter-commodity spread options

While these commodities and contracts will close each weekday's open outcry business at 1:15, mini-sized corn, soybean and wheat contracts will trade electronically (on the CME Globex platform) and on the CME trading floor until 1:45 PM.

“Over the past several months, we have received significant customer feedback about the current CBOT grain trading hours,” says CME Agricultural Commodities and Alternative Investments director Tim Andriesen in a CME Group report. “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.”

   

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

Easing Farmland Values No… By: 08/26/2014 @ 2:23pm Just because the land market has leveled off from its meteoric rise of the last few years…

Sudden Death Syndrome Popping Up in Midwest… By: 08/26/2014 @ 7:11am The ample moisture in the last week or so in parts of the Corn Belt has been a boon for corn and…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Markets Finish Mixed