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The Kansas City Board of Trade annual trading volume for the hard red winter wheat futures contract is running 16.7 percent ahead of last year at this time, at 997,994 contracts. Total exchange volume of 1,068,416 contracts is ahead of last year by 14.1 percent.
The hard red winter wheat futures market was very volatile during the month of March, with the nearby contract trading in a $2.60 range, from $10.35 to $12.95 a bushel.
Wheat options open interest expanded in March. An increase of 10.8 percent was seen when compared to the end of March 2007. Open interest increased 17.6 percent compared to the end of last month.
The Kansas City Board of Trade, founded in 1856, is the world's largest futures market for hard red winter wheat. Daily price limits, quotes, market commentary, historical data, minimum margin requirements and charting services are available on our website at www.kcbt.com.
