CHICAGO, April 5 The Chicago Board of Trade is
set to cut trading for its grain and soy markets to 17.5 hours
per session from 21 hours on Sunday after a move to expand
activity hurt liquidity.
Under the shorter schedule, electronic trading will run from
7:00 p.m. CDT (2400 GMT) to 7:45 a.m. CDT (12:45 GMT) Sunday to
Friday. Trading will pause for 45 minutes before resuming on the
screen and in Chicago's historic open-outcry pits until 1:15 p.m
CDT (1815 GMT).
Daily settlements will be based on market activity at or
around 1:15 p.m. CDT.
Since May, electronic trading has run from 5 p.m. to 2 p.m.
CDT Sunday to Friday.
The cut comes after the Board of Trade, owned by CME Group
Inc, in May increased the trading cycle from 17 hours
per session in response to a challenge from arch-rival
Traders complained the longer cycle spread out volume and
The longer cycle kept grain markets open for the first time
during the release of key monthly reports from the U.S.
Department of Agriculture, which often cause sharp swings in
Markets will still be open when the USDA releases major crop
reports at 11 a.m. CDT (1600 GMT) under the new schedule.