Total volume of trade on Winnipeg Commodity Exchange Inc. ("WCE") for September 2007 is the highest level for that month in any year, surpassing the record set a year ago. A total of 252,945 futures and options contracts were traded during the month, up 5% from September 2006.
Canola futures contract volume for September 2007 was 212,288 contracts, which was inline with September 2006 volume. Trading in canola options contracts during September increased 46.5% from a year ago to 8,335 contracts.
Western barley futures contract volume rose sharply over last September to 27,030 contracts, an increase of 81.4%.
Also in September, 5,292 contracts for feed wheat futures were traded.
Crop year-to-date (since August 1, 2007) futures contract volume is 9.3% higher than last year at 448,894 contracts. Options contract volume for the crop year-to-date is up 45.3% from a year ago at 9,427 contracts.
At the end of September 2007, total open interest stood at 153,551 contracts, an increase of 45.5% over year-ago levels. The December 2007 western barley futures contract set a record open interest for that contract month as at the close of business on September 28, 2007 when open interest reached 12,734 contracts.
Winnipeg Commodity Exchange Inc., established in 1887, has been facilitating futures contract trading since 1904. WCE is Canada's only agricultural futures and options exchange and North America's first fully electronic commodity exchange. WCE offers futures and options contracts on canola, domestic feed wheat, and western barley.
Winnipeg Commodity Exchange Inc. is a wholly owned subsidiary of IntercontinentalExchange, Inc.