CME delays start of expanded grain trading by one week

CME Group said on Thursday it will delay an expansion of grain trading hours by one week, giving rival IntercontinentalExchange Inc a head start in implementing nearly around-the-clock trading.

Trading hours for CME's contracts will increase starting on May 21, instead of on May 14, according to the exchange-operator.

The delay is a quick change of plans for the CME, which announced the expansion in trading hours on Tuesday.

The Commodity Futures Trading Commission said on Thursday that CME had not yet notified regulators of the change and could not implement the new hours as planned.

Under the new hours, electronic trading is set to run continuously from 6 p.m. to 4 p.m. Central time the next day, Monday to Friday. The change applies to CBOT corn, soybean, wheat, soybean meal, soybean oil, oats, rough rice and ethanol contracts.

1. NASA backs 3D food printer to feed growing population
2. Some South Dakota livestock auctions entering the digital world
3. Wet U.S. Midwest sections may lead to fewer corn acres
4. U.S. revises meat-labeling rules to satisfy WTO ruling
5. Where’s the rain? Parched states can’t shake the drought
6. Grass tetany possible this spring

1. Post-tornado composting a solution for disposal of dead livestock
2. Former Eastern Livestock CEO, CFO sentenced for federal crimes
3. Michigan hay buyers should plan purchases early
4. Seven jobs more dangerous than farming
5. New animal identification rules aid disease traceability
6. More beef cows in worst drought regions than a year ago

1. Commentary: GMOs: How do I hate thee?
2. Commentary: In praise of animal foods
3. Meat and climate change: How significant is the impact?
4. Seven jobs more dangerous than farming
5. Survey reveals most Americans in favor of COOL
6. What’s on America’s grill this weekend?