MGEX Has 5th-Best Month Of All-Time

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded the month of January with a total volume of 250,929, making it the 5th-best month in the history of the Exchange. This is also the highest January volume total, up 26 percent from the previous January record set in 2008.

Electronic volume for the month also finished at 5th-best all-time and set a new January record, coming in at 218,764 contracts traded. Three daily volume records were set during the month, including a record breaking total of 27,095 occurring on January 12.

A total of 11 open interest records were recorded throughout the month, including the highest open interest total ever occurring on January 30 with 90,546 contracts.

Additionally, Hard Red Spring Wheat options volume finished strong at 7,253, surpassing last year’s January total of 888.

Open interest following Tuesday’s activity was 90,282, making it the 2nd-best day in MGEX’s history.