NEWS
CME to Close KCBT Pits in June
Mon Feb 4, 2013 01:51 PM CST

(Dow Jones) -- CME Group Inc. plans to close the trading pits of the Kansas City Board of Trade in late June as part of the futures-exchange giant's 2012 acquisition of the regional grain market.

Open-outcry trade in the KCBT's flagship hard-red winter wheat contracts will shift to CME's Chicago-based trading floor as of July 1, according to a statement Monday from the company. The move requires regulatory approval.

The shift signals an end to nearly 160 years of grain trading in Kansas City, Mo., where the exchange began as a series of daily auctions held on the banks of ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
HRS Tour -- Final
Letters to the Editor
HRS Wheat Tour -- Day 2
HRS Wheat Tour -- Day 1
HRS Wheat Tour Preview
Winter Wheat Wrap-Up
Kansas Wheat Harvest Report - 14
Kansas Wheat Harvest Report - 13
Kansas Wheat Harvest Report - 12
Kansas Wheat Harvest Report 11