CHICAGO (Dow Jones) — CME Group Inc. will expand its electronic trading hours in its grain and soybean futures to 22 hours per day, the exchange announced Tuesday.
The expanded hours will leave only a two-hour break, between 5 p.m. and 7 p.m. EDT, in which trading doesn’t take place Monday through Friday. The market currently trades 17 hours per day, with breaks between 8:15 a.m. and 10:30 a.m., and from 2:15 p.m. to 7 p.m.
The new hours will apply to corn, soybean, wheat, soybean meal, soybean oil, oats and rice futures. The change will take effect the evening of May 13, the exchange said.
Open outcry trading on the floor of the CME in Chicago will continue to operate between 10:30 a.m. and 2:15 p.m., the exchange said.
Source: Dow Jones
Posted by Haylie Shipp