During the month of November, the Kansas City Board of Trade HRW wheat futures contract and the exchange as a whole broke all previous November monthly volume records. The previous record for HRW wheat futures was 602,081 contracts in 2010. The previous record for total exchange volume was 624,481 contracts, also in 2010. Increased volume was attributed to the roll of December positions into outer months and weather-related factors in the marketplace, according to traders.
HRW wheat futures volume increased by 91.3 percent during the month of November over October, with 633,396 contracts traded this month compared to 331,019 traded last month. HRW wheat options traded 10,857 contracts this month versus 5,670 contracts last month, showing an increase of 91.3 percent.
Total exchange volume increased by 91.3 percent for the month of November versus October, trading 644,253 in November versus 336,689 in October.
HRW wheat futures open interest climbed 24.1 percent over last year, with 166,733 contracts outstanding at the end of the month versus 134,399 contracts at the end of November 2011.
HRW wheat options open interest increased 31.6 percent during November over last November with 15,392 contracts outstanding at the end of the month versus 11,695 contracts at the end of November 2011.
The Kansas City Board of Trade is a for-profit corporation organized under the laws of Delaware. The KCBT, 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.
VOLUME AND OPEN INTEREST SUMMARY
(in contracts)
|
Volume
|
Volume
|
%
|
Volume
|
%
|
Year-to-date
|
Year-to-date
|
%
|
|
| CONTRACT |
Nov 2012
|
Nov 2011
|
Change
|
Oct 2012
|
Change
|
2012 Volume
|
2011 Volume
|
Change
|
| Wheat |
633,396
|
442,103
|
43.3%
|
331,019
|
91.3%
|
4,994,201
|
6,089,068
|
-18.0%
|
| Wheat Options |
10,857
|
9,370
|
15.9%
|
5,670
|
91.5%
|
87,640
|
235,870
|
-62.8%
|
| Total Exchange |
644,253
|
451,473
|
42.7%
|
336,689
|
91.3%
|
5,081,841
|
6,324,938
|
-19.7%
|
|
Open
|
Open
|
Open
|
||||||
|
Interest
|
Interest
|
%
|
Interest
|
%
|
||||
|
11/30/2012
|
11/30/2011
|
Change
|
10/31/2012
|
Change
|
||||
| Wheat |
166,733
|
134,399
|
24.1%
|
164,691
|
1.2%
|
|||
| Wheat Options |
15,392
|
11,695
|
31.6%
|
17,234
|
-10.7%
|
|||
| Total Exchange |
182,125
|
146,094
|
24.7%
|
181,925
|
0.1%
|
|||
