Bloomberg News

NYSE Euronext Commodities Trading Rises in February on Cocoa

March 09, 2012

Commodities daily trading on NYSE Euronext (NYX) advanced 0.7 percent in February from a year earlier as increased buying and selling of cocoa and sugar futures and options compensated for a drop in wheat trading.

Daily trading averaged 87,440 commodity contracts on NYSE Liffe in Europe last month, up from 86,830 contracts in February 2011, online data published by the exchange today showed. Daily trading jumped 16 percent from January.

The derivative exchange’s Paris and London markets handled 1.84 million commodity futures and options in February, compared with 1.74 million a year earlier on one less trading day, the monthly data showed. The volume of commodity-future trading rose to 1.56 million from 1.44 million. NYSE Liffe is the derivatives arm of NYSE Euronext.

Milling wheat was the most traded commodity on NYSE Liffe last month with 500,693 futures contracts, slipping 2.8 percent from 515,189 trades in February 2011. The value of milling wheat trading fell to 5.19 billion euros ($6.9 billion) from 6.37 billion euros a year earlier after grain prices fell.

The most-active Paris wheat contract has slumped 18 percent in the past 12 months after harvests in Russia and Australia boosted global supply.

Cocoa Trading

Cocoa was the most active agricultural commodity in London with 354,572 futures traded in February, rising 48 percent from 239,606 a year earlier. The value of cocoa futures trading rose to 6.37 billion euros from 6.27 billion euros.

Trading of white, or refined, sugar futures in London rose 33 percent to 193,558 contracts, while buying and selling of robusta coffee futures in London slipped 8.3 percent year on year to 320,893 contracts, according to the data. NYSE Liffe rapeseed futures trading rose 2.6 percent to 132,102 contracts in February.

The number of milling wheat futures contracts outstanding at the end of February, or open interest, fell 3.8 percent from a month earlier to 190,479, the exchange said. Cocoa open interest rose 3.8 percent to 178,712 contracts, the data showed.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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