NYSE Liffe says total daily volume in its milling wheat futures contract passed 50,000 contracts for the first time on 22 July 2010.

Milling wheat futures reached a record of 50,165 contracts, surpassing the previous record of 43,986 contracts set on 15 July 2010. 

Total combined milling wheat futures and options volume set a new record of 64,959 contracts, surpassing the previous record of 52,674 contracts set on 6 July 2010.
 
“The continued growth of the milling wheat futures contract is testimony to its success as a hedging instrument for the commercial market, as well as demonstrating its growing role as an investable asset. Over the past five years it has consistently broken significant volume milestones, and 50,000 contracts is another important marker in the life of the contract,” says Ian Dudden, director, commodity derivatives.

NYSE Liffe lists a broad range of commodity products including cocoa, Robusta coffee, white sugar, feed wheat, milling wheat, rapeseed, corn and malting barley, all of which trade exclusively on Liffe Connect.

The contracts are actively traded by a range of participants, including producers, exporters, trade houses, processors and manufacturers as well as by managed funds and both institutional and short-term/proprietary investors.