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The Kansas City Board of Trade has filed a submission with the CFTC to alter the start time of open outcry trading for the KCBT’s flagship hard red winter wheat futures and options contracts on USDA report release dates effective June 12, corresponding with the next release date.
Open outcry sessions will open at 7:20 a.m. CT on USDA report release dates. The USDA reports are released at 7:30 a.m. CT. On all other dates, the open outcry market (Monday-Friday) will open at 9:30 a.m. CT. The open outcry market will continue to close at 1:15 p.m. CT. Daily settlements are based on the 1:15 p.m. close.
Below are the remaining USDA report release dates in 2012 applicable to the 7:20 a.m. CT starting time for open outcry.
World Agricultural Supply & Demand Estimates (WASDE) – released on a monthly basis:
- June 12, 2012
- July 11, 2012
- August 10, 2012
- September 12, 2012
- October 11, 2012
- November 9, 2012
- December 11, 2012
Grain Stocks Report – released on a quarterly basis:
- June 29, 2012
- September 28, 2012
Wheat futures and wheat options electronic trading hours (Sunday through Friday) are 5:00 pm to 2:00 pm CT for Hard Red Winter Wheat futures and options.
