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The Kansas City Board of Trade has set new monthly volume records for the exchange as a whole and the Hard Red Winter wheat futures contract for the month of September.
KCBT exchange volume traded during the month of September totaled 470,522 contracts, breaking the previous September volume record of 393,387 contracts set in 2007 by 19.6 percent. HRW wheat futures trading volume in September amounted to 453,084 contracts, breaking the previous September volume record of 345,462 contracts set in 2007 by 31.2 percent.
Exchange trading volume was 44 percent higher than in September 2009, while HRW wheat futures volume was 44.1 percent higher for the same time period. HRW wheat options volume increased 42 percent compared to September 2009 and 34.4 percent compared to last month.
Open interest in the HRW wheat futures continues to post large gains and set several new all-time records earlier this month, culminating in a record 218,321 contracts outstanding on September 27. At month’s end, wheat futures open interest was 75.2 percent higher than at the end of September 2009 and 5.5 percent higher than at the end of last month. Wheat options open interest showed gains of 60.3 percent compared to the end of September 2009 and 70.3 percent compared to the end of last month. Open interest measures the number of open trading positions in a market. Each KCBT wheat futures contract represents 5,000 bushels of wheat.
Year-to-date volume for the HRW wheat futures contract is running 51.8 percent ahead of last year at this time. Exchange volume is running 50.3 percent ahead of last year at this time.
The Kansas City Board of Trade, founded in 1856, is the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com
(in contracts)
Volume |
Volume |
% |
Volume |
% |
Year-to-date |
Year-to-date |
% |
|
| CONTRACT | Sep 2010 |
Sep 2009 |
Change |
Aug 2010 |
Change |
2010 Volume |
2009 Volume |
Change |
| Wheat | 453,084 |
314,522 |
44.1% |
752,383 |
-39.8% |
4,079,741 |
2,686,748 |
51.8% |
| Wheat Options | 17,438 |
12,276 |
42.0% |
12,974 |
34.4% |
84,488 |
84,199 |
0.3% |
| Value Line | 0 |
0 |
0.0% |
0 |
0.0% |
0 |
0 |
0.0% |
| Total Exchange | 470,522 |
326,798 |
44.0% |
765,357 |
-38.5% |
4,164,229 |
2,770,947 |
50.3% |
Open |
Open |
Open |
||||||
Interest |
Interest |
% |
Interest |
% |
||||
9/30/2010 |
9/30/2009 |
Change |
8/31/2010 |
Change |
||||
| Wheat | 212,163 |
121,123 |
75.2% |
201,159 |
5.5% |
|||
| Wheat Options | 27,437 |
17,119 |
60.3% |
16,113 |
70.3% |
|||
| Value Line | 0 |
0 |
0.0% |
0 |
0.0% |
