Thursday, March 10, 2011

Uncertain Times

Anyone who thinks everything is just fine should look at the trading on the Chicago Mercantile Exchange (CME). And it is not just dairy.

CME Group, the world's leading and most diverse derivatives marketplace, today announced February volume averaged 14.7 million contracts per day, up 17 percent from February 2010, and up 19 percent from January 2011. Total volume for February was 279 million contracts, of which 83 percent was traded electronically.

Class III milk future volume for February 2011 is up 82% when compared with February 2010. Makes the rest of the trading, on a percentage basis, look pretty slim.

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