In August 2009, The Maximum Figure Of Trading Volume In Contracts Was Reached In The NAMEX’s Market For Delivery Futures On Wheat

In August 2009, on the National Mercantile Exchange, a member of the MICEX Group, the volume of trading in the market for delivery futures on wheat reached 13 058 contracts (824 thousand tons of grain) worth of 4.05 billion rubles. This figure is 1.3% more than in July 2009. This is the maximum value of trading volume in contracts and in tons of the underlying asset for 2009. It exceeds the monthly average figure for 2009 by 7.7%.

Besides, this year’s average monthly volume of trading in contracts in the NAMEX’s market for wheat futures exceeds by 29.7% the same indicator on the London International Financial Futures Exchange (LIFFE).

From the launch of trading on April 9, 2008 to August 31, 2009 the total volume of trading in the market amounted to more than 11.3 million tons of grain worth of 58.5 billion rubles (178 354 contracts).

The market for delivery wheat futures on the NAMEX enables participants in trading, including agricultural producers, to increase the profitability of their businesses by insuring the risks of adverse changes in prices (especially during the periods of high volatility in the market), forming a benchmark for business planning, obtaining better access to bank credits, expanding their possibilities of buying and selling grain, as well as thanks to the reliability of settlements.