In response to market demand, the nation’s major grain exchanges have expanded trading hours for grain and oilseed futures.
The grain markets will now close open-outcry and electronic trading at 2 PM Central Time, Monday through Friday. In response, the American Ag Network is adding an additional Market Check to our programming schedule at 2:06 Central Time, each weekday.
The CME Group, owner of the Chicago Board of Trade, told the Commodity Futures Trading Commission that it wanted pit trading for grains, oilseeds and ethanol to stop at 2 p.m. CDT Monday to Friday, instead of the current 1:15 p.m. close, to synchronize the end with that of electronic trading.
CME last month expanded the electronic trading cycle to 21 hours per session from 17 hours, changing the end of the electronic session to 2 p.m. from 1:15 p.m. The exchanges in Minneapolis and Kansas City followed suit.
Synchronized closing times for open-outcry and electronic grain trade are tentatively set to begin on Monday, end a month of confusing settlement prices and cash bids for farmers and grain elevators.
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To hear the program, go to our listing of feed times and click on Grain/Livestock Close.