CME Group announced Tuesday it will reduce grain and oilseed trading hours following a comprehensive survey.
Pending CFTC review, trading in CBOT grain and oilseed and KCBT markets will be amended from the current 21 hours, both on the floor and via its electronic trading platform, beginning Monday, April 8, 2013.
"Over the past several months, we have received significant customer feedback about the current CBOT grain trading hours," said Tim Andriesen, Managing Director, Agriculture Commodities and Alternative Investments, CME Group. "We believe these changes balance the needs of our diverse global customers based on their feedback."
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:
Daily settlements for CME Globex and floor trading of these products will be based on market activity at or around 1:15 p.m. CT each day. Mini-Sized Corn, Mini-Sized Soybeans and Mini-Sized Wheat will continue to trade on CME Globex and on the floor until 1:45 p.m. CT.