CME Group has announced it will extend open outcry trading hours for Chicago Board of Trade (CBOT) grain and oilseed futures and options to 2:00 p.m. CDT, Monday to Friday. Daily settlements will move from 1:15 p.m. CDT and will be based on market activity at or around 2:00 p.m. CDT each day for the grain and oilseed futures and options as well as for ethanol futures and options.
The new open outcry trading hours will be effective beginning June 25, pending Commodity Futures Trading Commission (CFTC) review.
Products included in the expanded hours are CBOT corn, mini-sized corn, soybeans, mini-sized soybeans, wheat, mini-sized wheat, soybean meal, soybean oil, rough rice and oats futures and options, plus all related calendar spread options and inter-commodity spread options.
This follows other recent changes to CBOT trading hours.
Starting May 21, electronic trading hours for CBOT grain, oilseed and ethanol futures and options were extended to Sunday to Friday, 5:00 pm to 2:00 p.m. CDT. CME Group has also taken steps to extend morning open outcry hours on major USDA report days, and, pending CFTC review, open outcry trading for CBOT grain and oilseed futures and options will begin at 7:20 a.m. CDT starting with the June 12 USDA reports.