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Linn Group Director of Research Jerrod Kitt on the impact of the CME expanding grain trading from 17 to 21 hours a day.
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I didn't see any reopened to TV cameras today after two days that NATO demonstrations that this is a while -- -- away believe it or not exchange also expanded its grain trading hours.
It's not step -- is at CME would reacts and hey Jeff.
-- this is a big story that nobody else's report today at Becerra kit with me they increased trading hours by four hours in the grain pits as we walk into the green room.
And this -- How -- up in arms why.
Very much so and you know it's not the worst idea in the world.
Necessarily but it in terms of the actual implementation is very rushed.
And it just left a lot of things up here here's what the prop ministry -- we take -- look perhaps at some of the grain trading today.
Corn soybeans wheat all down today.
Grain elevator operators upset because this is gonna create more volatility in the markets because it's gonna be open trading open of Wyndham grains markets are old are are are getting -- crop reports.
Exactly and really what happened earlier is you is the -- sell 150 and that's what a lot builders -- -- pricing decisions off.
But in these extended hours guess what the market -- -- three cents so immediately -- -- -- are out three cents.
And really the difference between economic reports in USDA reports is with UST reports there are hundreds of variables analyze.
In terms of this -- the option -- could very well be in trouble here and that.
Tends to hurt the small trader I was gonna say you know the business crop reports guys they're very complicated they used to have two hours to digest it now they'll digest it immediately.
First -- -- happens Columbia.
Interesting day here at the CME.
It's interesting stuff Jeff Flock thanks.
