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: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...