ICE Futures Canada Sets Daily Volume Record In Canola Futures

IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Canada reached a daily volume record of 51,805 contracts in Canola futures on December 4, 2013. The previous volume record was 49,165 contracts on June 9, 2010.

The canola futures contract is the world benchmark for canola trading. The contract prices physical delivery of canola seed free-on-board trucks or rail cars in Central Saskatchewan, Canada.

Canola seed futures began trading on the Winnipeg Commodity Exchange, now known as ICE Futures Canada, in 1963. Futures and options on futures are used by the domestic and global oilseeds industries to price and hedge transactions.