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Article: WCE Canola Open Interest Still Large, But Daily Trade Light.
- Article from:
- Resource News International
- Article date:
- January 10, 2005
CopyrightCOPYRIGHT 2005 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, Jan 10, 2005 (Resource News International via COMTEX)
Open interest in the Winnipeg Commodity Exchange (WCE) canola March contract remains large despite generally sluggish daily trading volumes. Commodity funds and commercial interests hold a large chunk of the total open positions, but are not active participants on a daily basis, keeping trade volumes light, said market sources.
Open interest in the nearby March canola contract sat at 42,237 heading into Monday's session, which is very close to the record high for the month, of 42,379, set in December 2000. Total open interest in all canola contracts of just under 60,000, compares with ...