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CME Group, the world's leading and most diverse derivatives marketplace, announced August volume averaged an all-time record 17.1 million contracts per day, up 46 percent from August 2010, and up 35 percent sequentially. Total volume for August was 393 million contracts, of which 84 percent was traded electronically. August 2011 month-end open interest reached 100 million contracts, up 7 percent from the same period last year.

Higher food prices and volatility in commodity markets are here to stay, according to a new report by the OECD and the UN Food and Agriculture Organisation (FAO).

The outlook for the global steel industry is promising, with global demand forecast to increase by an annual 6% in both 2011 and 2012, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 12-13 May 2011. But downside risks remain, including further rises in steel raw material prices, continuing sluggish growth in advanced economies and high oil prices.