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Malting barley trades 84 lots in futures

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NYSE Liffe says its Malting Barley Futures and Options have attracted good levels of participation from the market since launching on 10 May, trading a total of over 84 lots in futures and ten lots in options.  

Trading occurred in five delivery months, from the first position of November 2010 out as far as the November 2011 futures contract, as well as in the May 2011 options expiry month.
“We are very pleased with the markets response to the first day of trading,” says Ian Dudden, director of commodity derivatives at NYSE Liffe. “The level of activity and range of participants demonstrates the relevance of the contract and underlines the benefits of the work we’ve undertaken with our customers to ensure the contract is designed to meet their needs.”
The contracts meet the specific hedging requirements of maltsters, brewers and distillers as well as those engaged in the production and trade of malting barley.

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