CME Group to Expand CBOT Grain and Oilseed Trading Hours on CME Globex

Great news this week!  Our “letters of protest” over the grain (and sugar) market’s trading hours these past few years have been heard:

“CHICAGO, May 1, 2012 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will expand electronic trading hours in its CBOT grain and oilseed futures and options beginning Monday, May 14, 2012. This will expand market access to CBOT Corn, Soybeans, Wheat, Soybean Meal, Soybean Oil, Oats and Rough Rice futures and options on CME Globex to 22 hours per day.

As we’ve grown our customer base in agricultural commodities around the globe, we’ve received increased interest in expanding market access by providing longer trading hours,’ said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. ‘In particular, customers are looking to manage their price risk in our deep, liquid markets during market-moving events like USDA crop reports. In response to customer feedback, we’re expanding trading hours for our grain and oilseed products to ensure customers have even greater access to these effective price discovery tools.’

Beginning, May 13 for trade date May 14, customers will have expanded access to CBOT corn, soybeans, wheat, soybean meal and soybean oil futures and options on CME Globex as follows:

Sunday to Monday, 5:00 p.m. to 4:00 p.m. CT

Monday to Friday, 6:00 p.m. to 4:00 p.m. CT.

Open-outcry trading hours will continue to operate from 9:30 a.m. to 1:15 p.m. CT Monday to Friday.”

The fact that the two hour, fifteen minute, trading blackouts in the mornings are a thing of the past has me excited to be able to trade through the crop reports with confidence.  Over all, when we have traded through the reports we have generally had good luck.  It’s just when we get stung once will it have us thinking twice (“once bitten, twice smitten”).  Those day will be behind us in June.  I am excited for the future!

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