Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

Tag Archives: CME

TRADING CHANGES

CME Group announced Tuesday that the exchange will offer an extended grain and oilseed Globex futures daily close from 1:15 pm CT to 1:20 pm CT and expects to be implemented on July 6th,  2015. The CME Group last February announced the July 2015 closing of most futures pits in Chicago and New York.

Posted in Agriculture News | Also tagged , , , , | Comments closed

CME CUTBACKS

Group said today it will reduce the company’s global workforce this week by roughly 5 percent or about 150 positions. The majority of eliminations will come from technology, with the balance of positions coming from corporate and administrative functions.  

Posted in Agriculture News | Also tagged , , | Comments closed

EXPANDED LIMITS

The Chicago Mercantile Exchange will expand live cattle future’s daily price limits to 5 cents/lb. for the last two days of trading beginning Sept. 7 for trade on Monday Sept. 8, the exchange said in a statement on Monday.  The old limit was 3 cents/lb.  The new expanded limits will not impact the expiring August… read more

Posted in Agriculture News | Also tagged , , , | Comments closed

MOBILE WEB

Where do farmers go for price information on their smartphones? The CME’s web group has checked it out with their top 5 list: Corn accounted for 27% of all ag visits, followed by soybeans, feeder cattle, milk futures, and soft wheat.  Illinois farmers use the most mobile data, followed by Texas and Minnesota.  Check out… read more

Posted in Agriculture News | Also tagged , , , | Comments closed

CME TRADING HALTS

Despite pleas from grain industry groups, CME Group chairman Terry Duffy says the exchange will not halt grain nor livestock pit trading if the Globex electronic platform is halted due to technical glitches.

Posted in Agriculture News | Also tagged , , , | Comments closed

FLASH CRASH

If the computer crashes, halt pit trading, the National Grain and Feed Association told the CME last week.  On April 8, pit traders at the CBOT were swamped when computer trading was halted by a technical glitch. Such a change would require CFTC approval.

Posted in Agriculture News | Also tagged , , , , | Comments closed