November 4, 2009


Kansas City Board of Trade October volume higher versus yearago



Volume at the Kansas City Board of Trade (KCBT) in October rose from the previous month and year due to an increase in futures trades, according to data from the exchange.


Total futures and options volume was 378,113 contracts, compared to 326,798 contracts in September and 279,507 contracts in October 2008, the KCBT said. Year-to-date volume of 3,149,060 contracts at the end of October was down from 3,500,542 contracts at the same time last year, according to the exchange.


"Wet weather and harvest delays for corn and soy, along with delays in winter wheat plantings throughout much of month, created active market conditions for hard red winter wheat and contributed to the heavy volume," the KCBT said in a statement.


The KCBT trades hard red winter wheat futures and options. Grown in the central and southern US Plains, HRW wheat is used to make bread.


Futures volume was 367,433 contracts in October, up from 314,522 contracts in September and 266,231 contracts in October 2008, according the KCBT. Options volume was 10,680 contracts, down from 12,276 contracts in September and 13,276 contracts in October 2008, the exchange said.


Open interest in wheat futures was 126,602 contracts, up from 121,123 contracts in September and from 87,939 contracts in October 2008, the KCBT said. Open interest in wheat options was 20,657 contracts, up from 17,119 contracts in September and 18,889 contracts in October 2008.