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Article: Market Talk: Open Interest In Canola "Growing".
- Article from:
- Resource News International
- Article date:
- June 12, 2006
CopyrightCOPYRIGHT 2006 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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Byline: Resource News International
WINNIPEG, MB, Jun 12, 2006 (Resource News International via COMTEX) -- The following is a collection of opinions of traders at the Winnipeg Commodity Exchange and Canadian grain industry representatives.
Open interest in canola futures at the Winnipeg Commodity Exchange (WCE) continues to steadily increase with market participants linking the growth to fresh investors with extra cash.
Total open interest in canola as of Friday, June 9, was 84,473 contracts. The November future at 51,602 contracts, accounted for the majority of the open interest total, WCE data showed. The total was still far short of the ...