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On September 17, 2007, CME Group will launch options on Dry Whey futures on the CME Globex electronic trading platform. Electronic trading hours for these contracts will be the same as for other commodity products: trading begins Monday at 9:05 a.m. Central Time (CT) and remains open through Friday 1:30 p.m. with daily hour-long trading halts at 4:00 p.m.
CME Dry Whey options are based on cash-settled CME Dry Whey futures. Dry whey is the liquid that separates from milk when cheese is made. It is used in a variety of foods – crackers, breads, cereals and commercial pastries, energy power bars and protein drinks. The futures contract, at 44,000 pounds, provides market users with price protection and a mechanism for price discovery.
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- Understanding Dairy Price Volatility Seminar
On Thursday, November 29, 2007, CME Group will welcome Dr. Mark Stephenson of Cornell University to discuss recent dairy price volatility including contributing factors, potential impacts of congressional decisions and variables that you should be watching to gauge the impact of these changes. Learn more and register to attend online or in-person at www.cme.com/dairyseminar. - Extended Electronic Trading Hours for CME Commodity Products
CME Commodity futures and options are now available for trading on the CME Globex platform virtually 24 hours a day. Trading begins on Monday at 9:05 a.m. Chicago time and remains open through Friday 1:30 p.m. with daily hour long trading halts at 4:00 p.m. For more information, visit www.cme.com/extendedhours.
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