The January 2005 canola futures contract set an open interest record for any January canola contract on November 19, 2004 when its open interest reached 47,554 contracts. The previous open interest record for January canola was set in November 1999 when the January 2000 canola contract posted open interest of 44,083 contracts.
WCE provides the world’s premier price discovery and risk management tool for canola. Canola is the most actively traded commodity on WCE and has been trading since 1963; options on canola futures have been available since 1991.
For the past two months, open interest in WCE contracts has demonstrated an upward trend. Increases in open interest reflect confidence in the marketplace.
Winnipeg Commodity Exchange Inc., established in 1887, has been facilitating futures contract trading since 1904. WCE is Canada’s only agricultural futures and options exchange and offers futures and options contracts on canola, flaxseed, domestic feed wheat, and western barley. For more information on the Exchange, visit www.wce.ca
