Total options during the month were 3,378, a 118% increase over last July and the highest options total for any month since October 2011.
Electronic volume finished the month at 120,268, a 51% increase when compared to July 2013.
Open interest at the end of July was 71,140, a 75% increase over last year. Total calendar year-to-date volume currently stands at 1,287,763, compared to 781,579 at this time last year, marking a 65% increase.
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KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.