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Record wheat trades!

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    Record wheat trades!

    CHICAGO, ILLINOIS, U.S. — CME Group said on Aug. 9 that it had record volume on Aug. 6 in its CBOT wheat futures and options on futures listings of 354,169 contracts. The prior record was 294,345 on Aug. 2.

    Additionally, wheat futures alone hit a record 316,053 contracts, surpassing the old record of 263,120 contracts traded on Feb. 27, 2008.

    #2
    Guess how much wheat that is?

    5000bu/contract.

    43,008,210 metric tonnes.

    3 times the CWB production for 2010... IN ONE DAY.

    Comment


      #3
      Probably just a few consumers wanting to put a ceiling on the price of their bread this winter. haha

      Comment

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