Liffe Commodities Trading Jumped 18% in January on Coffee Surge

Commodities daily trading on NYSE Euronext jumped 18 percent in January to the highest ever for the start of the year as buying and selling of robusta coffee futures in London rose from a year earlier.

On average, 88,911 commodity contracts were bought and sold every session on NYSE Liffe in Europe last month, up from 75,061 in January 2012 and compared with 97,069 contracts a day in December, online data from the exchange showed.

NYSE Euronext’s derivatives exchanges in Paris and London handled 1.96 million commodity futures and options last month, compared with 1.65 million contracts traded a year earlier, the data showed.

Robusta coffee futures trading posted the biggest advance, rising 52 percent to 299,996 contracts bought and sold from 197,569 in January 2012. Milling wheat was the most actively traded commodity on NYSE Liffe for a 10th month as 531,549 futures traded, compared with 482,166 a year earlier.

Cocoa futures buying and selling increased to 377,158 contracts from 308,375 in January 2012, while trade in futures for white, or refined, sugar gained to 185,043 from 160,508. Rapeseed-futures trade fell to 201,106 contracts from 203,608.

Robusta-coffee futures contracts outstanding at the end of last month, or open interest, rose to 92,564 contracts from 82,065 at the end of December, while cocoa futures open interest advanced to 237,427, the highest since February 2008, from 217,204 a month earlier.

Open interest for milling-wheat futures slipped to 269,539 contracts from 299,115.

Cocoa Futures

The value of trading in Paris milling-wheat futures rose to 6.48 billion euros last month from 4.79 billion euros a year earlier. Cocoa-futures trading value gained to 6.57 billion euros from 5.62 billion euros a year earlier, with cocoa’s value of volume surpassing that of milling wheat for the first time since June.

Robusta coffee futures trading in London rose to 4.43 billion euros last month from 2.83 billion euros a year earlier, while the value of rapeseed trading in Paris climbed to 4.58 billion euros from 4.45 billion euros in January 2012.

Total value of agricultural futures trading, including so-called soft commodities, rose to 26.2 billion euros from 22.2 billion a year earlier.

Before it's here, it's on the Bloomberg Terminal.