CBOT January volume up 44.9 percent

The CBOT set several records in the month of January. A daily exchange open interest record was set on Jan. 30, 2004 at 9,660,028 contracts traded, breaking the record of 9,543,591 contracts set the previous day. In addition, Ten-Year Treasury Note options set a daily volume record on Jan. 9, at 435,107 contracts.

Total exchange month-end open interest was 9,660,028, up 44.0 percent from January 2003 and up 33.0 percent from December 2003.

“In the first month of 2004, the CBOT saw tremendous results from the implementation of the Common Clearing Link and the migration to a new electronic trading platform,” said Chairman Charles P. Carey.

“Already, the exchange has had two top-ten volume days on the new electronic trading platform. Our overall impressive volume statistics, as well as the exchange’s all-time open interest record set in January, clearly demonstrate that CBOT customers value the exchange’s transparent, liquid markets and superior clearing system and technology.”

Wheat futures were up 50.0 percent from January 2003, trading 656,879 contracts and were up 38.3 percent from December 2003. Corn futures were up 68.3 percent form January 2003 and up 36.6 percent from December 2003 at 2,025,714 contracts traded. The CBOT Soybean contract was up 19.1 percent from December 2003 at 1,509,700 contracts.

The CBOT posted daily open interest records in the following agricultural products (open auction): Soybean Meal futures set a daily open interest record on Jan. 23, 2004 of 191,709; Soybean Oil futures set a daily open interest record on Jan. 27, 2004 at 204,404; and Corn futures set a daily open interest record on Jan. 30, 2004 at 630,622 contracts.

e-mail: [email protected]rimediabusiness.com

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