Record wheat trades!

[TOM4CWB]

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.

[TOM4CWB]

Guess how much wheat that is?

5000bu/contract.

43,008,210 metric tonnes.

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

[burnt]

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