WCE set a new record volume for May canola futures on February 14, 2001 at 11,377 contracts, surpassing the previous record of 8,786 contracts established on March 15, 2000.
Canola futures pit trade across all listed months for February 14, 2001 totaled 26,116 contracts, 33% above the previous single day record of 19,613 contracts established on December 17, 1998.
The record setting day also resulted in an increase in the record open interest levels reached on February 13, 2001. Canola futures open interest increased 5,843 contracts to attain a new record of 83,507 contracts on February 14, 2001.
WCE provides the world's premier price discovery and risk management tools 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.
Also, total futures pit trade set record levels at 30,195 contracts on February 14, 2001, 35% above the previous record for volume in total futures set October 31, 1996 at 22,383 contracts.
Meanwhile, total futures open interest levels increased 7,702 to a record 118,785 contracts. These strong gains in futures open interest also resulted in a new record being established for combined futures and options open interest, at 136,209 contracts, compared to the previous record of 131,225 contracts established on April 14, 2000.
The first day of trade in the new feed wheat contract was active, with 1,600 Oct 01 contracts and 350 Dec 01 contracts traded.
WCE trades futures contracts in: canola, western barley, flaxseed, oats, feed wheat and field peas; and options contracts in: canola, flaxseed, feed wheat and western barley. Established in 1887, Winnipeg Commodity Exchange is a not-for-profit organization providing financial instruments for price discovery and the transference of risk in an efficient and open manner.
