KCBT wheat futures volume was 14.6 percent ahead of year-to-date 2003 volume through the end of September. Total exchange volume was ahead of 2003 year-to-date volume by a total of 5.6 percent at the end of September.
KCBT wheat futures volume for the month of September posted a 2.9 percent increase compared to September 2003. Also, wheat futures open interest grew nearly one percent in the past month and is posting a 9.4 percent increase compared to the end of September 2003.
The Kansas City Board of Trade, chartered in 1876, is the world's largest futures market for hard red winter wheat.
Open interest measures the number of open trading positions in a market. Each KCBT wheat futures contract represents 5,000 bushels of wheat.
The Kansas City Board of Trade, chartered in 1876, is the world's largest futures market for hard red winter wheat.
