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CME To Cut Grain And Oilseed Futures Trading Hrs

After extending its trading hours last spring, the CME Group, which owns the Chicago Board of Trade, is now planning to shorten the trading times for its grain and oilseed futures.

In a letter issued yesterday, the CME Group chairman Terrence Duffy and CEO Phupinder Gill say feedback from customers led to the decision.

They say they are still considering alternatives for reduced hours, which could include market pauses during the release of USDA crop reports.

More information on the revised hours will be released in the coming weeks.

Electronic trading hours were expanded last May, while open outcry trading was extended in June.