MGEX (Minneapolis Grain Exchange or Exchange) July electronic trading volume reached 71,859 contracts, setting a new July record. This marks a 48 percent increase over the previous July electronic record of 48,707 set in 2008 and makes July 2009 the seventh best electronic volume month in Exchange history.
MGEX posted one of its best-ever electronic trading days on Wednesday, July 22. With 8,848 contracts traded, it ranks as the Exchange’s fourth highest daily electronic volume.
“The MGEX flagship wheat contract continues to provide exposure to those market participants managing price risk and to those who desire exposure to Hard Red Spring Wheat, as evidenced by our July electronic volume totals”, Joe Albrecht, Vice President of Business Development said. “MGEX will strive to provide an effective electronic marketplace while maintaining a global prospective.”
