WMP has fallen to US$2550/t for the November 2015 contract. SMP has fallen to US$2070 for the nearby contract, and AMF is at US$3820 for the same contract period.
The market is looking very flat for future dated contracts, for all products.
Activity on the market was relatively quiet last week, though it picked up a little on Thursday and Friday. 1437t were traded on Friday, though this was only at a value of US$773,600. The number of trades was highest on Thursday at 20 trades.
Open interest positions were up a little at the end of the week. WMP futures closed the week at 24,150 open positions (+774), SMP futures at 5240 open positions (+330) and AMF at 577 open positions (+30). Butter futures remained at 565 open positions, given there was no trading in this product.
October closed off on a comparatively positive note with total volume traded in the month up 51% on October 2014. Volumes were down on September, trading 3035t less (-11%).
