Except for a few options contracts, virtually all trading of CME futures is now conducted electronically via computers. However, It seems to us that open outcry trading allowed a better feel about markets.
We have commented before on the passing of open outcry trading of the CME Group’s futures contracts. Those pits on the cavernous trading floor of the Chicago Board of Trade Building were closed for good on 6 July 2015. Except for a few options contracts, virtually all trading of CME futures is now conducted electronically via computers – so-called black boxes. Futures traders dispatch their orders in this manner to the CME’s supercomputer Globex platform where they are matched up with opposite orders from other trader...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
