CBOT Announces Ag Futures Trading During Daytime Hours

Trading hours for the electronically traded agricultural contracts will be from 6:30 p.m. to 6:00 a.m., and the new daytime hours will be from 9:30 a.m. to 1:15 p.m. Compiled by staff

 

Published on: Apr 26, 2006

The Chicago Board of Trade plans to offer trading of CBOT full-sized, physically delivered agricultural futures contracts on its electronic trading platform during daytime trading hours. 

On August 1, 2006, the CBOT expects to begin trading its corn, wheat, soybean, soybean oil, soybean meal, rough rice and oat futures contracts on e-cbot, the Exchange’s electronic trading platform, side-by-side with CBOT open auction markets. 

Trading hours for the electronically traded agricultural contracts will be from 6:30 p.m. to 6:00 a.m., and the new daytime hours will be from 9:30 a.m. to 1:15 p.m. (Chicago Time). These new trading hours will continue to expand market access to the CBOT’s benchmark agricultural products to accommodate its global customers, particularly those in the European and Asian time zones.

CBOT President and Chief Executive Officer Bernard W. Dan notes, "The move to list our agricultural contracts on e-cbot during the day was driven by strong customer demand, and it represents an outstanding opportunity for all of our market participants."    

In addition, the Exchange will list its South American soybean and ethanol futures contracts during daytime hours on e-cbot. The CBOT’s South American soybean contract is expected to trade from 6:31 p.m. to 6:00 a.m. and from 9:00 a.m. to 1:15 p.m. beginning Monday, May 15, 2006. The CBOT Ethanol futures contract is expected to trade on e-cbot from 6:36 p.m. to 6:00 a.m. and from 9:30 a.m. to 1:15 p.m. beginning Wednesday, May 31, 2006.

Aside from differing ticker symbols, the contract specifications for the electronically-traded agricultural products will be the same as those traded on the open auction platform. Therefore, the electronic contracts will be fully fungible with the corresponding open auction contracts.