MGEX Reports Trading Results For May 2023

Minneapolis Grain Exchange (MGEX™), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today reported May 2023 trading volume of 251,517 contracts, representing a 4.4% year-over-year (YoY) decrease from the same period in 2022 and a 4.7% increase from April 2023.

MGEX reported Hard Red Spring Wheat (HRSW) Futures volume of 209,677 contracts in May 2023, a 0.9% decrease YoY and a 2.4% decrease from April 2023. HRSW Options volume totaled 7,072 contracts in May 2023, a 31.2% decrease YoY and a 1.8% increase from April 2023.

SPIKES® Futures volume totaled 34,768 contracts in May 2023, representing a 15.8% decrease YoY and an 87.5% increase from April 2023. SPIKES Futures average daily volume totaled 1,580 contracts in May 2023.

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