Agricultural News
CBOT, KCBT Expand Trading Hours on USDA Report Days
Fri, 25 May 2012 15:50:34 CDT
The country's two major commodities exchanges will expand their floor trading hours on USDA report release dates.
Open out-cry trading on both the Chicago Board of Trade and the Kansas City Board of Trade will be changed to 7:20 a.m. CST, from 9:30 a.m. CST, on mornings of specified reports beginning June 12, 2012. Open out-cry trading will continue to close daily at 1:15 p.m. CT. Daily settlements are based on the 1:15 p.m. close.
The major USDA reports that will initiate early opening on the CBOT include:
· WASDE
· Crop Production
· Prospective Plantings
· Acreage
The following dates on both the CBOT and the KCBT 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.
Expanded trading hours on the KCBT will also be observed when the Grain Stocks Report is released on a quarterly basis:
· June 29, 2012
· September 28, 2012
Wheat futures and wheat options electronic trading hours (Sunday through Friday) are 5:00 pm to 2:00 pm CT for Hard Red Winter Wheat futures and options.
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