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CME Group to expand CBOT grain and oilseed open out-cry trading hours during USDA crop reports
Story Date: 5/29/2012
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Source: PRESS RELEASE, 5/25/12
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will offer expanded floor trading hours in its CBOT grain and oilseed futures and options during major United States 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)
August 10 (WASDE)
September 12 (WASDE, Crop Production)
October 11 (WASDE, Crop Production)
November 9 (WASDE, Crop Production)
December 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.
As the world's leading and most diverse derivatives marketplace, CME Group ( www.cmegroup.com ) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.
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