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WCE Sets November Volume Record
WINNIPEG - Dec 4/07 - SNS -- Trading volume on the Winnipeg Commodity Exchange (WCE) set a new record for the month of November with 281,961 contracts exchanging hands. The previous record for November volume was set in 2000 when a total of 231,224 futures and options contracts were traded.
Volume of trade in canola futures contracts reached 268,743 contracts during November 2007, which is 40.2% higher than the volume recorded a year ago. In addition, there were 88 canola options contracts traded during the month.
Western barley futures contract volume totaled 11,926 contracts and there were 1,204 feed wheat futures contracts traded during the month.
Since the beginning of the 2007-08 crop year (August 1, 2007) crop year-to-date total volume of trade on WCE is 1,168,059 contracts, which is an increase of 21.3% from a year ago.
At the end of November total open interest stood at 169,188 contracts. This represents an increase of 34.4% from the end of November 2006. Open interest records were set on WCE on November 23, 2007 for January canola futures (2008 contact), total canola futures contracts, total futures contracts and total futures and options contracts.
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