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Commodities are an asset class which is trading in the currency of United States(US) Dollar(USD).Commodities prices generally driven by the factors of Supply and Demand,though supply and demand factors driven the commodities prices,US commodity markets are huge market maker for all the commodity prices.US commodity Markets are major driving force for the Commodity prices.China is the huge market source for all the commodities due to huge resource of human power.Commodity market prices driving by various exchanges starting from Asian continent to USA that is Japan market to US markets.
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World's First Commodity Futures Exchange-CBOT
In US, Commodities market are the oldest commodity market in futures trading,as per records US Commodity markets are first emerged one Commodities futures trading.Chicago Board of Trade(CBOT) is the oldest and first exchange founded in 1848. CBOT emerged for trading in agricultural commodities like grains,soyabean Oil.
US Commodities market running all the time as an Electronic trading mode on worldwide from morning 03.30 AM to 02.30 AM(Next day) on Indian time(IST),the below mentioned table for Pit trading hours(Regular trading hours) of US commodity futures trade timings.
CME-Emergence
Then Chicago Mercantile Exchange(CME) emerged in 1898 for distribution and pricing problems prevalent in Egg Industry.In 2007,CBOT merged with CME.
Currently CME has merged with other US Commodity Exchanges like COMEX,NYMEX.
Today,CME is the largest futures and options contracts open interest(Number of contracts outstanding) of any futures exchange in the world(Wikipedia)
COMEX is the Exchange for Metals trading and NYMEX is the Exchange for Energy commodities futures trading.
US Commodities market running all the time as an Electronic trading mode on worldwide from morning 03.30 AM to 02.30 AM(Next day) on Indian time(IST),the below mentioned table for Pit trading hours(Regular trading hours) of US commodity futures trade timings.
Trading Hours of US Commodity Exchanges futures trading time as per Indian Time
Name of the Commodities
|
Trade Start/Opening Time(IST)
|
Trade End/closing Time(IST)
|
Base metal(Copper)
|
05.40 PM
|
11.00 PM
|
Bullions(Gold)
|
05.50 PM
|
11.30 PM
|
Silver
|
05.55 PM
|
11.25 PM
|
Crude Oil
|
06.30 PM
|
00.30 AM
|
Natural Gas
|
06.30 PM
|
00.30 AM
|
Agri commodities(Soyabean Oil)
|
08.00 PM
|
01.00 AM
|
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