Minneapolis Grain Exchange (MGEXTM), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today reported October 2022 trading volume of 184,807 contracts, representing a 57.7% year-over-year (YoY) decrease and a 40.4% decrease from September 2022. Total year-to-date (YTD) volume reached 2.9 million contracts, a decrease of 10.6% from the same period in 2021.
MGEX reported Hard Red Spring Wheat (HRSW) Futures volume of 136,789 contracts in October 2022, a decrease of 19.9% YoY and a decrease of 19.7% from September 2022. HRSW Options volume totaled 3,234 contracts in October 2022, a decrease of 78.7% YoY and a 34.0% decrease from September 2022.
SPIKES® Futures YTD volume reached a record of 718,043 contracts in October 2022, a 33.4% increase YoY. SPIKES Futures volume totaled 44,694 contracts in October 2022, representing an 82.2% decrease YoY and an average daily volume of 2,128 contracts.
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