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Major Commodities Exchange Trading Hours Article
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Commodities Trading in the Eyes of the Producers and Traders
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If you will go to the market, you will find hundreds to thousands of different items sold everyday. You can purchase raw foods such as fresh meat and fish, various household items, clothes, pairs of shoes, and other products by paying a particular amount of money. Once you have obtained the item that you want and the seller received a certain amount of money from you, both of you constituted a trade.
In economics, trade is defined as the voluntary exchange of goods or services within an agreed exchange rate. The amount of money that you paid to the vendor in exchange for the item you want to obtain determines the agreed exchange rate of that item between you and the seller. In other words, the involvement of money (paper money or credit) as the trading medium further simplified the trade by establishing an agreed rate where the items will be traded.
Trade exists for various reasons. Because of the partition of labor and specialization, most individuals focused on the small aspect of production and later on trading their products for other products produced by other regions. Whatever reason it may be, the existence of trade greatly contributes to the development of the economy of a particular area or region.
In addition, trade is already an integral part of the history, where it is believed to have taken place throughout the recorded human history. Long before the invention of modern-day currency as the trading medium, trade is conducted on different parts of the world, particularly in the cradle of early civilizations. There is said to be an evidence of trade during the Stone Age.
Furthermore, various long-range trade routes are established in the 3rd Millennium, B.C wherein the Sumerians (one of the natives of Mesopotamia) traded with the Harappan civilizations situated in the Indus Valley. Phoenicians were considered to be sea traders, where they have routes across the Mediterranean Sea and established trade colonies on some parts of the European continent.
Thus, it leads to the existence of various trading markets at present. There you have the stock market, the foreign currency market, and other markets that offer trade of different items. One of the most popular markets, especially for most of producers, is the commodities trading market.
You will be able to understand commodities trading better if you know well what is being traded. In commodities trading, commodities are commonly traded. According to Karl Marx, a commodity is “any external object or thing, which through its qualities satisfies human needs of whatever kinds”. When he speaks of commodities, he always points out the “physical properties” of the commodity, which he associates with the use value of that object.
Therefore, commodities trading is the trade of various commodities and derivative products. Aside from the physical trade of the products, it is also the trade of the futures contract (the purchase or selling of an object at a particular date in the future within an agreed price) of the commodity to be traded.
Commodities trading works this way: For instance, you are a rice farmer. You can sell a future contract on your rice which will not be harvested for several months. You will be given an assurance that you will be paid for the agreed price of your product when you have delivered to your client. In the same manner, your client will purchase the futures contract now and will be given a guarantee that the price of your rice will not increase when it is delivered.
In other words, both of you will benefit from the commodities trading—it will protect you from any price drop that can happen and your client from any possible price increase of the commodity he wants to obtain in the future. Commodities trading is simply a guarantee and protection for any market instability that may happen in the near future.
Major Commodities Exchange Trading Hours Specific links
Major Commodities Exchange Trading Hours News
Chicago trading plans scaled back - DesMoinesRegister.com
 Bloomberg | Chicago trading plans scaled back DesMoinesRegister.com It didn't take long for a prairie fire from the grain belt to reach LaSalle Street, where on Thursday the CME Group, which owns both the Chicago Board of Trade and the Chicago Mercantile Exchange, backed down an hour. Instead of being closed only from ... CFTC Approves Expanded CME Trading Hours CME Group to Start Expanded CBOT Grain and Oilseed Trading Hours May 20 CFTC Approves Extended Trading Hours For Grain and Oilseed |
CFTC approves extended grain trading hours - MarketWatch
CFTC approves extended grain trading hours MarketWatch CHICAGO -(MarketWatch)- The Commodity Futures Trading Commission has approved CME Group Inc.'s CME proposal to expand electronic grain futures trading to 21 hours per day, up from the current 17-hour schedule, the exchange announced Friday. |
CME Group Introduces New CBOT Grain and Oilseed Trading Hours in Support of ... - Sacramento Bee
CME Group Introduces New CBOT Grain and Oilseed Trading Hours in Support of ... Sacramento Bee CME Group will now offer expanded market access to a variety of CBOT futures and options 21 hours per day, pending CFTC certification. "What sets CME Group apart is our close working relationship with the grain industry, who have made our grain and ... |
USDA Studying Data Releases as Commodities Trading Hours Expand - Bloomberg
 Hoosier Ag Today | USDA Studying Data Releases as Commodities Trading Hours Expand Bloomberg CME Group Inc. (CME), owner of the world's largest futures exchange and grain markets, plans to give traders access for 22 hours a day starting next week. The move will result in USDA releasing reports during trading hours. Block live release of some USDA data-US senator Senator requests block live release of some USDA data |
At CME, an Uproar Over Trading Hours - Wall Street Journal
 Wall Street Journal | At CME, an Uproar Over Trading Hours Wall Street Journal That puts CME at a potential disadvantage, particularly when it comes to enabling customers to trade around big market-moving announcements. CME is seeking a 21-hour trading day. Right now, the Chicago exchange is open for 17 hours a day. |