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Article: Market Talk: Canola Open Interest Growing.
- Article from:
- Resource News International
- Article date:
- November 8, 2004
CopyrightCOPYRIGHT 2004 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, Nov 08, 2004 (Resource News International via COMTEX)
The following is a collection of opinions of traders at the Winnipeg Commodity Exchange and Canadian Grain Industry representatives.
Winnipeg, MB, Nov. 8, 2004 (Resource News) - Open interest in canola futures at the WCE continues to increase as commodity fund and commercial activity picks up in the canola pit.
Total open interest in the canola pit sat at 61,880 as of Nov. 5, an increase of roughly 10,000 during the past month. A total of 42,909 open positions are currently held in the nearby Jan futures, just short of the record for the month of 44,083, set in November 1999.
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