CME Group confirmed on Tuesday it will expand trading hours for grain futures starting the same day that rival IntercontinentalExchange is slated to launch competing contracts.
CME said it will increase trading hours for Chicago Board of Trade corn, soybeans, wheat, soybean meal and soybean oil futures and options on its electronic Globex platform starting on May 14. The announcement confirmed a Reuters report on Monday that the CME's board of directors had approved expanding trading hours.
The additional electronic hours will run from 5 p.m. to 4 p.m. CST from Sunday to Monday and 6 p.m. to 4 p.m. Central from Monday to Friday, according to CME.
The markets will continue to trade their current open outcry hours of 9:30 a.m. to 1:15 p.m. CST Monday to Friday.
For more, go to CME readies round-the-clock grains trade.