.jpg)
Trading volume at the Kansas City Board of Trade during September was the largest ever for the calendar month of September. Total exchange volume of 393,387 contracts broke the previous September volume record set in 2002 by 2.5 percent.
A new September volume record was also set in the hard red winter wheat futures contract with 345,462 contracts traded, an increase of 2.3 percent over the previous record of 337,576 contracts set in 2005.
Nearby hard red winter wheat futures gained nearly $2.00 throughout the month of September, progressively setting new all-time high price records. At the close of trading on Aug. 31, the nearby contract had traded at $7.50. At the close of trading on Sept. 28, the nearby contract had traded up to $9.49 1/2.
Traders attribute the rising prices to continuing concerns about world wheat supply and increasing export demand.
As this release goes to press, new price records are being set with the first three KCBT wheat futures contracts at: December, $9.50 1/2; March, $9.50; and May $8.71 1/2.
The KCBT set an additional record in September as a KCBT membership sold at an all-time high of $601,000 on Sept. 24, exceeding the previous record-high of $595,000 set on Sept. 6. At the beginning of the year, the record was at only $320,000.
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 KCBT website at www.kcbt.com.
