As of May 25, 2001, total futures and options volume for the 2000/01 crop year-to-date reached record pit trade levels of 2,390,181 contracts. This is 19,467 contracts above the previous pit trade record of 2,370,174 contracts set at the end of the 1999/00 crop year. Meanwhile, total futures volume for the 2000/01 crop year also attained new heights at 2,312,222 contracts, surpassing the 1999/00 record of 2,294,590 contracts.
WCE also exceeded the previous crop-year volume record for total canola futures on May 25, 2001 at 1,884,751 contracts, well ahead of the previous record of 1,819,327 contracts established at the end of the 1999/00 crop year, with nine weeks remaining in this current crop year.
July 01 canola futures also reached a new open interest record for July canola, on May 24, 2001 at 45,414 contracts, trending upwards from a previous record set on April 16, 2001 at 41,635 contracts.
As well, options trade has seen substantial growth in pit-trade volume levels through the month of May. Canola options volume has totaled a record 18,678 contracts between May 1, 2001 to May 25, 2001. The previous monthly canola options volume record was set in March 2001 at 11,886 contracts.
Total options volume between May 1, 2001 to May 25, 2001 reached 18,983 contracts, compared to the previous record of 13,741 contracts set in March 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.
WCE trades futures contracts in: canola, canola meal (June 2001), 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 provides a marketplace for price discovery and the transference of price risk in an efficient and open manner.
