Liffe Commodities Trade Rose in October on Record Wheat

Commodities daily trading on NYSE Euronext (NYX) jumped 13 percent in October as buying and selling of milling wheat futures in Paris climbed to a record.

On average, 105,823 commodity contracts were bought and sold every trading day on NYSE Liffe in Europe last month, from 93,949 in September and compared with 79,615 contracts a day in October last year, an online report from the exchange showed.

NYSE Euronext’s derivatives exchanges in Paris and London handled 2.43 million commodity futures and options last month, up from 1.67 million a year earlier, the data showed. October this year had two more trading days.

Milling wheat was the most actively traded commodity on NYSE Liffe for a seventh month as a record 973,135 futures were bought and sold, compared with 542,896 in October last year. Cocoa-futures trading rose to 305,764 contracts from 252,787.

The most-active milling wheat contract has jumped 39 percent this year as smaller harvests in Russia, Ukraine and Australia are expected to boost demand for French exports of the grain. Open positions in all milling wheat futures and options reached a record 1.02 million lots on Oct. 11, NYSE Euronext wrote in an e-mailed statement today.

Milling-wheat futures contracts outstanding at the end of last month, or open interest, fell to 357,099 from a record 421,028 a month earlier. Cocoa open interest slipped to 198,148 contracts from 198,188 contracts at the end of September.

The value of trading in Paris milling-wheat futures rose to a record 12.6 billion euros ($16.2 billion) last month from 9.18 billion euros in September and compared with 5 billion euros in October 2011. Cocoa-futures trading value rose to 5.92 billion euros from 4.97 billion euros a year earlier.

Robusta Futures

Robusta coffee futures trading in London rose to 5.64 billion euros last month from 4.2 billion euros a year earlier, while the value of rapeseed trading in Paris climbed to 5.04 billion euros from 4.15 billion euros in October 2011.

Total value of futures trading in so-called soft commodities that include cocoa and sugar increased to 15.2 billion euros from 11.7 billion euros a year earlier, while the value of trades in agricultural futures including wheat increased to 19.1 billion euros from 9.87 billion euros.

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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