.jpg)
Trading volume at the Kansas City Board of Trade during October exceeded last month’s volume by .3 percent, with open interest also increasing during the month of October, by 3.3 percent.
The wheat options contract also saw increases in open interest, with a gain of 13.6 percent over last month and 20.5 percent compared to October 2006.
Open interest measures the number of open trading positions in a market.
The KCBT set another membership sales record in October as a KCBT membership sold at an all-time high of $650,000 on Oct. 18, exceeding the previous record-high of $601,000 set on Sept. 24. At the beginning of the year, the record was at only $320,000.
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.
(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.
