Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

KCBT Extends Annual Volume Records For HRW Wheat Futures, Exchange

Date 01/12/2011

The Kansas City Board of Trade during the month of November continued to add to the annual trading volume records in the Hard Red Winter wheat futures contract and the exchange as a whole. The records were first set in October and exceeded the previous records set in 2010.

Through November 30, a total of 6,089,068 HRW wheat futures contracts or 30.45 billion bushels had traded, exceeding last year’s annual volume record of 5,549,842 contracts or 27.75 billion bushels by 9.7 percent with one month remaining to build on the record. The KCBT hard red winter wheat futures contract is the world benchmark pricing mechanism for bread wheat.

HRW wheat futures trading volume in November was the second largest for that calendar month at 442,103 contracts. The November record stands at 602,081 contracts traded last year. HRW wheat futures volume posted a 14.5 percent gain over October’s trading volume of 386,217 contracts.

Total exchange annual volume amounted to 6,324,938 contracts at the end of November, exceeding last year’s annual volume record of 5,697,874 contracts by 11 percent with one month remaining in the year. Exchange volume of 451,473 posted a 13.3 percent gain over October’s volume of 398,651 contracts and was the third largest for any given November with November 2010 volume of 624,481 contracts remaining as the record.

Each KCBT wheat futures contract represents 5,000 bushels of wheat.

The KCBT, founded in 1856, is Kansas City’s oldest business and the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.

 

VOLUME AND OPEN INTEREST SUMMARY
(in contracts)

 

 
Volume
Volume
%
Volume
%
Year-to-date
Year-to-date
%
CONTRACT
Nov 2011
Nov 2010
Change
Oct 2011
Change
2011 Volume
2010 Volume
Change
Wheat
442,103
602,081
-26.6%
386,217
14.5%
6,089,068
5,112,093
19.1%
Wheat Options
9,370
22,400
-58.2%
12,434
-24.6%
235,870
126,364
86.7%
Total Exchange
451,473
624,481
-27.7%
398,651
13.3%
6,324,938
5,238,457
20.7%
           
 
   
 
Open
Open
 
Open
       
 
Interest
Interest
%
Interest
%
     
 
11/30/2011
11/30/2010
Change
10/31/2011
Change
     
Wheat
134,399
210,781
-36.2%
156,872
-14.3%
     
Wheat Options
11,695
24,960
-53.1%
28,796
-59.4%
     
Total Exchange
146,094
235,741
-38.0%
185,668
-21.3%