Some Interesting Numbers

540,000,000 MT

The excellent 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.