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Throughout the month of September, numerous open interest records were set for the hard red winter wheat futures contract, with the pinnacle of 109,789 contracts set at the conclusion of Friday’s session. Before this month’s spate of records, the previous open interest record was 98,939 contracts on September 24 of this year.
Wheat futures trading volume in September was larger than any other previous September. A total of 337,576 contracts were traded, breaking the previous record of 298,281 contracts set in September 2002 by 13.2 percent.
Wheat options volume continued to increase compared to previous months. A total of 32,545 contracts traded, an increase of 83.5 percent compared to last September and an increase of 34.4 percent compared to last month.
Total exchange volume was very active, posting a 95.3 percent increase from last September. Year-to-date wheat futures trading volume is ahead of last year at this time by 23.5 percent, gaining 6.3 percent in the past month alone. Total exchange volume also made a tremendous gain, now 20.2 percent ahead of a year ago at this time. At the end of last month, this gain was at 13.8 percent.
The Kansas City Board of Trade, chartered in 1876, is the world's benchmark for hard red winter wheat prices.
