Some Interesting Numbers
540,000,000 MT
The excellent Agrimony.com report that that was the volume of wheat traded on CBOT last month, the equivalent of nine times the entire annual US production of wheat.
800,000 Lots
Speculators seem to have got the hots for EU wheat too, and they aren't getting any shortage of encouragement from NYSE Euronext either who are keen to push the new found liquidity in agri commodities this side of the pond. This was the record volumes of wheat traded over here in both July and August.
936,000 Contracts or 119,000,000 MT
That's the size of the combined spec and index fund long position in CBOT corn, almost 50% of all open interest.
The excellent Agrimony.com report that that was the volume of wheat traded on CBOT last month, the equivalent of nine times the entire annual US production of wheat.
800,000 Lots
Speculators seem to have got the hots for EU wheat too, and they aren't getting any shortage of encouragement from NYSE Euronext either who are keen to push the new found liquidity in agri commodities this side of the pond. This was the record volumes of wheat traded over here in both July and August.
936,000 Contracts or 119,000,000 MT
That's the size of the combined spec and index fund long position in CBOT corn, almost 50% of all open interest.