The longer trading day will wait a little longer - at least for the CME Group and its key markets. Instead of starting May 14, the new 22-hour cycle will begin on May 20 for trade date May 21. In addition, CME announced that it will expand electronic trading hours for its CBOT Denatured Fuel Ethanol futures and options on CME Globex in line with the expanded hours for grains and oilseeds.
The Kansas City Board of Trade and MGEX in Minneapolis will follow suit.
Here's the key information:
Effective May 20, 2012, for trade date May 21, 2012, electronic trading hours for CBOT Corn, Mini-Sized Corn, Soybeans, Mini-Sized Soybeans, Wheat, Mini-Sized Wheat, Soybean Meal, Soybean Oil, Rough Rice, Oats, and Ethanol futures and options plus all related calendar spread options and inter-commodity spread options will be extended to:
- Sunday to Monday, 5:00 p.m. to 4:00 p.m. CT
- Monday to Friday, 6:00 p.m. to 4:00 p.m. CT.
Daily settlements will continue to be based on market activity at or around 1:15 p.m. CT each day. Additionally, open-outcry trading hours will continue to operate from 9:30 a.m. to 1:15 p.m. CT Monday to Friday.