Expanded Trading Hours for CBOT, KCBT & MGEX Grain and Oilseed Products
Effective Sunday, May 20 (trade date Monday, May 21), all CBOT, KCBT, and MGEX Grain and Oilseed Futures and Options will expand electronic trading hours on CME Globex. The trading hours will be as follows:
Sunday to Monday: 17:00 CT to 16:00 CT
Monday to Friday: 18:00 CT to 16:00 CT
The impacted products are as follows:
ZC Corn Fut & Options
XC Mini-Sized Corn Fut
ZW Wheat Fut & Options
XW Mini-Sized Wheat Fut
ZS Soybean Fut & Options
XK Mini-Sized Soybean Fut
ZM Soybean Meal Fut & Options
ZL Soybean Oil Fut & Options
ZO Oat Fut & Options
ZR Rough Rice Fut & Options
DDG Distillers Dried Grain Fut
EH CBOT Ethanol Fut & Options
KE KCBT Wheat Fut & Options
MWE MGEX Wheat Fut & Options and all MGEX Index Fut & Options
Expanded Trading Hours for CBOT, KCBT & MGEX Grain and O
CSI software (UA) allows you to manually put in next day prices. So, you can gather the price information after the market closes from the exchange, put it into your CSI database, rebuild your files and run your trading software to generate next day orders before the market re-opens. You have more time to do this in some markets than others (eg, in the US stock index futures you only have 15 minutes between 3:15 and 3:30, central time). Also, several of the exchanges post a settlement price (ie, closing price) based on trades at a time that is earlier than when trading for the day actually ends. For example, nymex oil settles at 1:30, pm (central), but continues trading until 4:15pm. BTW, you have to put the manual, next day price into the actual front month contract you are using and not the back-adjusted contract -- however, it then shows up in the back-adjusted one when you rebuild. You have to be careful to make sure you aniticipate your rollovers to make sure you place orders in the proper month and at the rollover adjusted price. It was much simpler when markets did not re-open until the next morning --- at least for end-of-day systems using an end-of-day data supplier.