The CME Group, the parent company for the Chicago and Kansas City Boards of Trade as will as the Chicago Mercantile Exchange, has announced plans to modify the CBOT and the KCBT trading schedules.
After reviewing feedback from producers, commercial customers, traders and other industry participants the company will reduce grain and oilseed trade from the current 21 hour schedule. The change will impact the open out cry and the electronic trade. The cut must be approved by the Commodity Futures Trading Commission (CFTC).
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