Futures contract trade for the crop year was 3.1% higher than a year ago, with feed wheat futures posting the strongest gains in volume. Feed wheat futures volume rose 40.3% from a year ago with 77,857 contracts trading during the crop year. Western barley futures volume marked an increase of 12.9% for the crop year with 216,740 contracts being traded. Canola futures volume rose 1.2% with 1,681,386 contracts trading during 2003/04. There were 1,128 flaxseed futures contracts trading during the crop year. In total, there were 1,977,111 futures contracts traded on WCE during the 2003/04 crop year.
Options contract trade for the crop year rose significantly from 2002/03. There were 39,435 options contracts traded during the year, representing an increase of 68.8% from the level recorded during 2002/03.
Futures and options trade during July 2004 declined 16.2% from July 2003. There were 92,184 futures contracts and 713 options contracts traded during the month.
At the end of July total open interest stood at 66,813 contracts, 1.7% lower than the level of open interest at the end of July 2003.
*Please note that volume numbers now include pit trades, Exchange for Physicals (EFP’S), Exchange for Risk (EFR’s), futures deliveries and options exercises.
