CME Volume Heavily Down

CME Group announced Tuesday that November 2008 trading volume averaged 10.5 million contracts per day - a hefty 29-percent drop from November 2007, based on combined Chicago Mercantiel Exchange (CME), Chicago Board of Trade (CBOT) and New York Mercantile Exchange (NYMEX) volumes.

Trading in commodity futures - including corn, wheat, soybeans, livestock and dairy - averaged 724,000 contracts per day, down 12% from year-ago levels, CME Group stated.

Coincidence that isn't it? The likes of Golden Sacks exit the market and it falls out of bed.