NYSE Euronext Commodity Trading Rises 59% on Wheat

NYSE Euronext handled 1.48 million commodities contracts in November, 59 percent more than a year earlier, as trading in wheat and rapeseed futures more than doubled.

Daily commodity volumes averaged 67,466 contracts, compared with 44,419 a year earlier, the New York-based company said in an e-mailed statement today. Total commodity volume in the first 11 months of the year reached 15.2 million contracts, 36 percent more than a year earlier, it said.

Wheat and rapeseed have surged more than 50 percent this year on NYSE Liffe, the derivatives arm of NYSE Euronext, as adverse weather across the world hurt production of grains and oilseeds. Paris-traded milling wheat accounted for 33 percent of commodity-futures trading last month on NYSE Liffe, while rapeseed made up 9.5 percent.

The volume of commodity futures traded advanced 48 percent from a year earlier to 1.24 million contracts in November, while options trading more than doubled to 246,949 lots.

Milling-wheat volumes rose to 402,816 contracts from 189,107 a year ago, NYSE Euronext said. The value of trading in the grain climbed to 4.33 billion euros ($5.8 billion) from 1.09 billion euros in November 2009.

Cocoa Contracts

Cocoa was the most valuable commodity traded on NYSE Liffe in November, with 6.15 billion euros worth of futures bought and sold, up 0.7 percent from a year earlier, according to the statement. The volume of cocoa-futures trading rose to 281,290 contracts from 260,466 a year earlier.

The volume of overall commodity trading fell 7.4 percent last month from October, hurt by a month-on-month drop in futures contracts, the NYSE Liffe data showed.

Trading in corn, rapeseed, wheat and robusta coffee futures all declined from October. Cocoa futures traded jumped 25 percent month-on-month, while white-sugar contracts traded advanced 48 percent to 161,092.

For milling wheat, open interest, or the number of outstanding contracts, dropped to 236,192 lots at the end of November, down 12 percent from a month earlier, the exchange said. For cocoa futures, open interest fell 1.5 percent to 179,275 contracts, the data showed.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.

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