CME expands CBOT grain, oilseed open out-cry hours

by World Grain Staff
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CHICAGO, ILLINOIS, U.S. — CME Group announced on May 25 that it will offer expanded floor trading hours in its CBOT grain and oilseed futures and options during major U.S. Department of Agriculture (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)
  • Aug. 10 (WASDE)
  • Sept. 12 (WASDE, Crop Production)
  • Oct. 11 (WASDE, Crop Production)
  • Nov. 9 (WASDE, Crop Production)
  • Dec. 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.

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