Open outcry trade will be getting an earlier than normal start when USDA releases major grain and oilseed reports.
The Commodity Futures Trading Commission has given the CME Group and Kansas City Board of Trade permission to start grain and oilseed futures and options trade at 7:20 AM Central starting Tuesday, June 12 ahead of the monthly supply and demand update and wheat production estimates, both out at 7:30 AM Central.
This is the first time pit trade will be active during the release of a major USDA report.
USDA is currently soliciting public comment on changing the time crop reports are released.
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