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I have mentioned many times before that a Futures trader must always be in the learning mode. Never feel like wheat futures trading hours know it all in the trading industry. The only constant is change. Yes, you read that right, another change. For my regular readers you may recall I wrote an article in June of regarding a change in the trading hours to these same products.
The trading pit session regular trading hours -RTH was extended an extra hour and the electronic trading extended trading hours — ETH went to 21 hours per day. These reports are so important in the grain markets that the CMEGroup Exchange started opening the trading pits earlier on report days so traders could provide liquidity and react to the report numbers in real time. At least it allowed traders to wheat futures trading hours bad positions even if the liquidity was less than perfect prior to the RTH session.
For many years the Exchange would suspend trading each morning from 8: The monthly report would be released during this suspension of trading and it allowed commercial hedgers and speculators alike time to understand the report before committing capital. This all sounded good in theory, but once trading resumed at Here we are almost a year later and now the CMEGroup has decided to change the hours again.
These are just some of the growing pains the Exchanges are faced with electronic trading hours. There were online surveys, personal meetings and several group discussions to determine what hours would be most beneficial for the majority of participants.
Obviously they are not going to please everybody, but they did the best they could under the circumstances. The survey started in December and before it was even finished the CMEGroup announced they would revise the current trading hours for the grain and grain oilseed markets. Another event has happened in the grain industry since these original changes were made. Instead of being released in the mornings around 9: As of this writing the USDA has said they will not change their report release time and it will continue to be at Why is it I get this feeling that the CMEGroup lobbyist will be fighting this and soon we will probably see a different report release time?
The new trading hours will go into effect on April 8, and will impact the following Futures and Options markets:. The daily settlement price wheat futures trading hours both electronic and pit trading will be calculated on the closing price at or wheat futures trading hours 2: Wheat futures trading hours swing traders you will still be able to place your orders for execution at anytime during the For day traders I would recommend you only trade these markets during the RTH sessions as this is the time of day with the majority of volume.
Liquid markets are much more forgiving when exiting a bad trade. Disclaimer This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume wheat futures trading hours responsibility whatsoever for the actions of the reader.
The author wheat futures trading hours or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different wheat futures trading hours the opinions expressed herein.
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