Kansas City Board of Trade’s Hard Red Winter Wheat futures trading volume during the month of November was the third largest ever for the calendar month.
HRW wheat futures trading volume for the month of November totaled 400,930 contracts, which was an increase of 44.9 percent compared to November 2008 and 9.1 percent when compared to last month. Only two other Novembers posted larger volume: 441,194 contracts in 2005 and 408,832 contracts in 2007.
Total exchange volume of 409,277 contracts was an increase of 46.3 percent when compared to November 2008 and 8.2 percent when compared to last month.
Open interest continued to swell in HRW wheat futures during the month of November. Wheat futures open interest of 135,164 contracts was an increase of 6.8 percent over the past month and was 70.2 percent higher than at the end of November 2008.
Wheat options open interest of 12,659 contracts showed an increase of 2.1 percent when compared to the end of November 2008.
KCBT traders noted that the increase in trading volume was largely due to weather delays in corn and soybean harvest, which were leading to postponements in winter wheat planting in some areas. Also, as the U.S. Dollar declined, new investment money was moving into commodity markets.
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.
(in contracts)
|
Volume
|
Volume
|
%
|
Volume
|
%
|
Year-to-date
|
Year-to-date
|
%
|
|
| CONTRACT |
Nov 2009
|
Nov 2008
|
Change
|
Oct 2009
|
Change
|
2009 Volume
|
2008 Volume
|
Change
|
| Wheat |
400,930
|
276,656
|
44.9%
|
367,433
|
9.1%
|
3,455,111
|
3,603,549
|
-4.1%
|
| Wheat Options |
8,347
|
3,123
|
167.3%
|
10,680
|
-21.8%
|
103,226
|
176,772
|
-41.6%
|
| Value Line |
0
|
0
|
0.0%
|
0
|
0.0%
|
0
|
0
|
0.0%
|
| Total Exchange |
409,277
|
279,779
|
46.3%
|
378,113
|
8.2%
|
3,558,337
|
3,780,321
|
-5.9%
|
|
|
||||||||
|
Open
|
Open
|
Open
|
||||||
|
Interest
|
Interest
|
%
|
Interest
|
%
|
||||
|
11/30/2009
|
11/28/2008
|
Change
|
10/30/2009
|
Change
|
||||
| Wheat |
135,164
|
79,436
|
70.2%
|
126,602
|
6.8%
|
|||
| Wheat Options |
12,659
|
12,397
|
2.1%
|
20,657
|
-38.7%
|
|||
| Value Line |
0
|
0
|
0.0%
|
0
|
0.0%
|
|||
