Max Armstrong reports on news that the London Metal Exchange that refused to close its open outcry pit, which is one of the oldest financial institutions. The metals industry still supports the "daily shouting match" as the best way to set global prices. Max shares insights from folks who were involved with the open outcry pit in Chicago. Would traders in the pits have limited volatility?

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

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