Electronic trading of MGEX (or Exchange) futures and options today reached 10,592 contracts, marking the second highest electronic trading volume in Exchange history. The record of 11,146 futures and options contracts traded electronically was set on June 3, 2009.
Today’s volume comes on the heels of last month’s record October electronic trading record for Hard Red Spring Wheat (HRSW) futures and options. October 2009 ended as the fifth best electronic volume month in Exchange history.
“Economic factors and seasonal trends have combined providing movement to the grain markets,” says Mark G. Bagan, President and CEO of MGEX. “MGEX contract users continue to recognize the unique characteristics of Hard Red Spring Wheat (HRSW) and come to MGEX for their risk management and investment needs.”
In addition, MGEX has seen increased trading and open interest in our Soft Red Winter Wheat Index (SRWI). For further information on the SRWI, visit our website and click on the SRWI Daily Market Data Sheet.