The Kansas City Board of Trade on Wednesday set a new all-time daily volume record in its Hard Red Winter Wheat futures contract. Total Hard Red Winter wheat futures volume tallied 61,328 contracts, breaking the previous daily record of 60,534 contracts set on July 30, 2010 by 1.3 percent. The increased trading volume could be attributed to several reasons. Massive trade in the intra-market spreads was the primary feature that contributed to the record volume recorded yesterday, KCBT traders said. KCBT March/May and March/July were very active as traders moved positions ahead of the approaching first notice day in the KCBT March contract on Monday, Feb. 28. KCBT May/July also witnessed active trade. Increased export interest and uncertainty around the world continued to contribute to trading volume. The Kansas City Board of Trade, founded in 1856, is 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
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FTSE Mondo Visione Exchanges Index:
KCBT HRW Wheat Futures Contract Sets New Daily Volume Record
Date 24/02/2011