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: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
