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Published May 01, 2012, 03:43 PM

CME group to expand CBOT trading hours

CHICAGO — CME Group announced May 1 it will expand electronic trading hours in its Chicago Board of Trade grain and oilseed futures and options beginning May 14. This will expand market access to CBOT corn, soybeans, wheat, soybean meal, soybean oil, oats and rough rice futures and options on CME Globex to 22 hours per day.

By: Chicago Board of Trade, Agweek

CHICAGO — CME Group announced May 1 it will expand electronic trading hours in its Chicago Board of Trade grain and oilseed futures and options beginning May 14. This will expand market access to CBOT corn, soybeans, wheat, soybean meal, soybean oil, oats and rough rice futures and options on CME Globex to 22 hours per day.

"As we've grown our customer base in agricultural commodities around the globe, we've received increased interest in expanding market access by providing longer trading hours," said Tim Andriesen, managing director, Agricultural Commodities and Alternative Investments, CME Group. "In particular, customers are looking to manage their price risk in our deep, liquid markets during market-moving events like USDA crop reports. In response to customer feedback, we're expanding trading hours for our grain and oilseed products to ensure customers have even greater access to these effective price discovery tools."

Beginning, May 13 for trade date May 14, customers will have expanded access on CME Globex as follows: 5 p.m. to 4 p.m. (CT) on Sunday to Monday and 6 p.m. to 4 p.m. (CT) on Monday to Friday.

Open-outcry trading hours will continue to operate from 9:30 a.m. to 1:15 p.m. (CT) Monday to Friday.

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