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Article: Market Talk: Canola Open Interest Large.
- Article from:
- Resource News International
- Article date:
- December 1, 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, Dec 01, 2005 (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, Dec. 1, 2005 (Resource News) - Open interest in the WCE canola market has been on the rise, spurred on by commercial buying and commodity fund selling. While the large open interest makes sense given this year's large production, some traders thought the jump on Wednesday may have been a bit overstated.
Heading into Thursday's session, open interest in canola was over 82,000 contracts, well above the month ago level of about 60,000. By some ...