CHICAGO, June 7, 2018 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced Corn futures open interest reached a record 2,006,600
contracts on June 6, surpassing the 2
million contracts milestone for the first time. The previous record
was 1,995,835 contracts set on June 4,
2018.
"Increasingly, market participants around the globe are relying
on the flexibility and deep liquidity of our benchmark agricultural
products to manage risk of global economic uncertainty or take
advantage of trading opportunities," said Tim Andriesen, CME Group Managing Director,
Agricultural Commodities. "This Corn futures open interest
milestone is part of a broader volume and open interest growth
trend across our agricultural products in 2018, including a
single-day volume record of more than 3 million contracts traded on
April 4, 2018."
Since the start of the year, Corn futures have experienced
numerous daily open interest records. The number of Corn futures
large open interest holders (LOIH) has increased over 28 percent
during the previous 12 months to 925 contracts in May, which is the
highest level since April 2011. CME
Group agriculture futures reached a record 3,606 LOIH in
March 2018, surpassing the previous
LOIH record of 3,439 contracts set in 2011.
Year to date, CME Group agricultural futures and options
average daily volume has increased 23 percent to 1.6 million
contracts per day.
Additional information about CME Group's Agricultural Products
can be found at www.cmegroup.com/agriculture.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offers clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
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CME-G
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SOURCE CME Group