NEWS
CME to End KCBT Pits
Tue Feb 5, 2013 09:50 AM CST

(Dow Jones) -- CME Group Inc. plans to close the storied grain-trading pits at the Kansas City Board of Trade this summer, ending a 157-year run for the wheat-futures exchange.

CME, which closed a $126 million deal to buy the Kansas City, Mo., exchange in December, plans to move open-outcry trading in its flagship hard-red winter wheat contracts to Chicago in July, according to a statement from CME. The move requires regulatory approval.

The move would end floor trading at an exchange that began in 1856 as a series of daily grain auctions on the banks of the Missouri River.

...

Quick View
  • Crop Tech Corner Researchers have developed GE wheat that yields far better under hot conditions, a wheat gene is ...
  • The Attraction of Youth Combine genotyping with a yearling bull, or even a weanling, and you're less likely to make a poo...
  • Kubota Steps Up A new mid-range, high-horsepower M7 tractor moves this company into the row-crop arena.
  • Fines for Fringe Benefits A little-noticed rule in the Affordable Care Act could impose huge penalties on small business. I...
  • Clean Water Goes a Long Way Cleaning up 900 feet of a small creek in Kentucky brings rebirth to water once choked with sedime...
  • Beef Checkoff Effort Resumes Members of the eight organizations comprising the Beef Checkoff Enhancement Working Group were se...
  • Ag and Environment Outlook Agriculture continues to watch how the U.S. Environmental Protection Agency implements the propos...
  • Surgery on Plastics Dharma Kodali's goal is to insert soybean oil in the basic ingredient list for PVC plastics.
  • Ask the Vet How should I treat a cow with a swelling on her flank?
Related News Stories
Todd's Take
Wheat: A Little Hope for 2016
Algeria Buys High-Quality Wheat
Todd's Take
Walk Your Wheat Fields
Arctic Blast Worries Wheat Growers
Monsanto Settles in GE Wheat Case
Crop Tech Corner
Lack of Rain Threatens Russian Wheat