Electronic futures trading of Hard Red Spring Wheat (HRSW) today coupled with trades of Hard Red Winter Wheat Index Futures hit a new daily record high of 7,494 contracts at MGEX (Minneapolis Grain Exchange or Exchange). The volume topped the former electronic volume record of 7,363 contracts traded set on December 10, 2008.
The new daily record brings the January 2009 electronic volume to 48,580 contracts, making it the 14th highest monthly electronic volume in Exchange history with another week of trading yet to take place. October 2008 currently holds the top spot for monthly electronic volume with 82,931 contracts trading electronically.
“I’m pleased to see the marketplace continues to look to the Exchange and our flagship contract for both investment and risk management activity,” said Mark G. Bagan, President & CEO. “We continue to enhance our electronic marketplace, thereby increasing the availability and liquidity of our products,” Bagan said.
