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: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
