Pit trade volume in canola during the 2000/01 crop year-to-date surpassed the 1 million contract mark on February 9, 2001, reaching 1,003,984 contracts. This is roughly one week ahead of the previous record pace set last year on February 16, 2000.
"The continuing record volume trends we are seeing in WCE canola futures trade demonstrates the increasing interest in our markets and products," said Bruce Love, Director of Marketing for WCE.
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.
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.
