Milling & Baking News - April 11, 2006 - 17

B U S I N E S S

Chicago corn, Kansas City wheat
futures contracts set records
KANSAS CITY - The Chicago Board of
Trade said its corn futures contracts traded a record 331,455 contracts on March
31, while the Kansas City Board of Trade
said it set wheat futures, wheat options
and total exchange volume records for
the month of March.
The C.B.O.T. corn volume record
eclipsed the previous daily record of
314,154 contracts set Feb. 25, 2005, the
Exchange said. Average daily volume
for corn futures in the first quarter was
147,334 contracts, up 40% from a year
earlier. Corn options average daily volume for the quarter was 28,903 contracts,
also up 40% from last year.

At the K.C.B.T., hard red winter wheat
futures trading volume totaled 363,605
contracts in March, up nearly 44% from

H.H.S. offers steps to prepare for flu
pandemic; bakers seek access to shots
WASHINGTON - Responding to a letter seeking priority vaccination and flu
shots for baking industry workers in the
case of a flu pandemic, the Department
of Health and Human Services recently
sent the Independent Bakers Association
a checklist of preventative steps aimed at
mitigating the effects of an outbreak.
In its request, the I.B.A. said bakers and
other food manufacturers are "vital to
keeping the food supply chain functioning
and must be properly inoculated to assure
there is no shortage of food in the event of
a flu breakout." The bakers sought priority
access to shots after "first responders."
The H.H.S. response did not directly

answer the bakers' request, and the
I.B.A. said it would continue to pursue
the matter with the government agency.
"We appreciate the preventative steps
the H.H.S. is taking to stem the possible
outbreak of a pandemic flu, but we will
continue our efforts to ensure the industry is properly considered and protected," said I.B.A. chairman Dan Nagle.
"The baking industry is of the utmost
importance in ensuring the food supply chain remains intact in the event of
a pandemic flu."
The H.H.S. checklist follows:
* Plan for the impact of a pandemic flu
on your business by determining the

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the previous March record of 253,158 contracts set in 2004. Wheat options at the
K.C.B.T. set a record of 53,901 contracts in
March, up 111% from the previous record
of 25,589 contracts in March 2004.
The K.C.B.T. also set a total exchange
record in March, with 421,222 contracts
traded, up 51% from the previous March
record of 278,906 contracts in 2004.
Total trading volume through the first
quarter was up 58% from a year ago, the
K.C.B.T. said, following active trading
in March. Value Line futures volume at
the K.C.B.T. was up 120% from February
and 82 times that of March 2005.
Open interest also increased from a
year ago in all contracts, the K.C.B.T.
said. Wheat futures open interest was
up 61%, wheat options up 85% and Value Line up 790% from a year earlier. MBN

likely effects a pandemic flu would have
on the functioning of your business;
* Plan for the impact a pandemic flu
would have on your employees, including the availability of health care
services;
* Establish policies to be implemented
during a pandemic;
* Allocate resources to protect your employees and customers during a pandemic, including health supplies;
* Communicate to and educate employees on the likely consequences a
pandemic flu would have on them and
your business;
* Coordinate with external organizations
and help your community, by developing a coordinated strategy to deal with a
flu outbreak. MBN

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18 / Milling & Baking News, April 11, 2006

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Milling & Baking News - April 11, 2006

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