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Competition and extended trading hours spurs changes, market concerns
On May 14, IntercontinentalExchange Inc. (ICE) launches its new grain commodity futures with a 22-hour trading day. This competitive move has put agcommodities giant Chicago Mercantile Exchange Group (CME) on the defensive. The USDA and market analysts have been hardpressed to foresee the market impacts and warn of potential trade disruptions.
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