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The total open interest in canola futures contracts traded on Winnipeg Commodity Exchange Inc. ("WCE") as at the close of business on Monday, December 4, 2006 reached 100,821 contracts, breaking the record set on the previous trading day.
This is the first time any WCE commodity futures contract has recorded a level of open interest of 100,000 contracts.
The canola futures contract open interest increased by 1,333 contracts from the previous record level reached at the close of business on Friday, December 1, 2006.
"We are very pleased to see this growth in open interest. These record open interest levels reflect the increasing market participation and liquidity in our products," said Will Hill, WCE Senior Vice President.
WCE provides the world's premier price discovery and risk management tools for canola.
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 North America's first fully electronic commodity exchange. WCE offers futures and options contracts on canola, domestic feed wheat, and western barley.
