KCBT volume second largest for August

by World Grain Staff
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KANSAS CITY, MISSOURI, U.S. — Kansas City Board of Trade (KCBT) announced on Sept. 1 that the trading volume for the month of August was the second largest ever for that calendar month for both the hard red winter wheat (HRW) futures contract and the exchange as a whole.

A total of 665,415 HRW wheat futures contracts were traded in August, second only in that calendar month to the August 2010 volume of 752,383 contracts which at the time was an all-time volume record. August HRW wheat futures volume posted a 54.9% increase over volume traded in July 2011.

Exchange volume for August of 680,022 contracts was second only in that calendar month to August 2010 volume of 765,357 contracts, also an all-time record for the exchange at that time. Total exchange volume in August posted a gain of 54.2% compared to last month.

Trading volume continues to post large gains over 2010 trading volume, a year in which new annual volume records were set for the exchange as a whole and the HRW wheat futures contract. Total exchange trading volume is running 36.3% ahead of last year at this time, with HRW wheat futures volume running 33.5% ahead and wheat options volume running 186.4% ahead.
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