CBOT Corn Options Contract Reaches One Million Milestone
Deep liquidity of Corn options is attracting a wide cross section of market participants who are using the contract as a risk management tool.
Compiled by staff
Published: Jun 15, 2006
The Chicago Board of Trade announced that for the first time in the contract's history, CBOT Corn options reached a record high open interest of one million contracts, closing at 1,015,594 contracts Wednesday.
"We are thrilled that the deep liquidity of Corn options, one of our key benchmark products, is attracting a wide cross section of market participants who are using the contract as a risk management tool," said Bernard W. Dan, CBOT President and CEO. "The solid performance and strong growth of our Corn complex, as well our Agriculture futures and options complex overall, coincides with the rapidly expanding global agricultural economy."
Year-over-year contract volume through May 31, 2006, in CBOT Corn options has increased 45% over the same time last year. The CBOT Corn futures contract has also increase 47% during the same period.
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Tagged: corn futures, cbot corn futures, corn futures contract
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