The exchange as a whole saw the second-largest monthly volume in the history of the exchange. A total of 370,618 contracts were traded, falling just shy of the record tally of 383,760 contracts traded in September 2002.
Wheat futures open interest climbed 25 percent in the past month and was nearly identical to the number at the end of June 2004.
Value Line volume more than doubled in the past month as the contract size was divided by four and a market maker system was put into place.
Year-to-date volume extended its gain on 2005 year-to-date volume. The wheat futures contract is running 11.4 percent ahead of last year’s figure at this time, whereas at the end of May, the contract was running ahead by 10.0 percent. Total exchange volume is running 7.8 percent ahead of last year at this time, compared to 6.2 percent at the end of last month.
The Kansas City Board of Trade, chartered in 1876, is the world's largest futures market for hard red winter wheat.
Open interest measures the number of open trading positions in a market. Each KCBT® wheat futures contract represents 5,000 bushels of wheat.
(in contracts)
Value Line® is a registered mark of Value Line® Inc., a New York corporation that provides financial services and publications. Since 1982, the Kansas City Board of Trade has been licensed to use the Value Line® mark in connection with its efforts to establish futures markets tied to the Value Line® index. The Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate entities.
