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Article: Pittalk: Open Interest In Jan Canola Seen As No Problem.
- Article from:
- Resource News International
- Article date:
- December 9, 2003
CopyrightCOPYRIGHT 2003 Resource News International. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WINNIPEG, MB, Dec 09, 2003 (Resource News International via COMTEX)
The following is a collection of opinions of traders at the Winnipeg Commodity Exchange and Canadian grain industry representatives.
The amount of open contracts in the January canola future at the Winnipeg Commodity Exchange has drawn some interest, but few market participants are concerned about a squeeze developing.
Open interest in the WCE Jan canola future was sitting at 19,424 contracts on Monday, December 8.
"It is not an unusually high level nor is it abnormally low," a WCE floor trader commented. "I sincerely doubt there will be much problem in liquidating ...