Kansas City Board Of Trade Volume In November Sets New All-time Monthly Record

The Kansas City Board of Trade extended its run of volume and open interest records during the month of November. A new all-time monthly volume record was set both for the exchange as a whole and the hard red winter wheat futures contract. For the fourth month in a row and tenth time in the past year, a new volume record has been set for the calendar month.

Total exchange monthly volume set a new all-time record of 472,244 contracts, breaking the previous record of 454,947 contracts set just this last August. Year-to-date exchange volume is running ahead of last year at this time by 29.2 percent and has already set a new annual volume record. Current volume of 3,685,670 contracts exceeds the previous record of 3,326,836 contracts set in 2002 by 10.8 percent.

Wheat futures trading volume in November was larger than any other previous month. A total of 441,194 contracts were traded, breaking the previous record of 430,409 contracts set this past August. Annual volume at the conclusion of yesterday’s trade was at an all-time high of 3,439,207 contracts, topping the previous annual volume record set in 2002 by 19.3 percent.

Four successive open interest records were set for the hard red winter wheat futures contract this month, topping out at 134,039 contracts on November 8. At the end of October, the record was at 125,273 contracts.

Value Line® futures volume continued to show large increases, with volume traded during November thirty-one times that of a year ago and nearly four times more than in October.

The Kansas City Board of Trade, chartered in 1876, is the world's benchmark for hard red winter wheat prices.

VOLUME AND OPEN INTEREST SUMMARY
(in contracts)

Value Line® is a registered mark of Value Line® Inc., a New York corporation that provides financial services and publications. Since 1982, the Kansas City Board of Trade has been licensed to use the Value Line® mark in connection with its efforts to establish futures markets tied to the Value Line® index. The Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate entities.