Deals
CME to Shut K.C. Board of Trade, Boost Chicago Wheat
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CME Group Inc., the world’s biggest grain market, plans to expand futures offerings in wheat on its Chicago trading floor on July 1 after closing the Kansas City Board of Trade following a buyout.
“We knew this was coming, but the news is still a little sad because it does mark the end of an era,” said Jason Britt, the president of Central States Commodities Inc. in Kansas City, Missouri. The last day of open-outcry trading in the Kansas City futures pit is set for June 28.