Trading in grain and oilseed on the Chicago Board of Trade and Kansas City Board of Trade will be reduced to 17.5 hours a day beginning April 8, CME Group says. The plan requires approval by the Commodity Futures Trading Commission. CME expanded trading in May 2012 to 21 hours a day; a survey about reducing hours has drawn more than 4,000 responses, CME says. "While there were varying opinions about what the modifications to hours should be, we believe these changes balance the needs of our diverse global customers," CME's Tim Andriesen said in a statement.

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