According to Scott O’Donnell, Frontier Futures options broker and MGEX director, the record highs are due in part to four or five commercial players new to the Minneapolis market.
“It’s good to see new interest in our markets. These commercials began trading in Minneapolis wheat options and increased their positions once they found there was enough liquidity to handle large orders,” O’Donnell said.
The Minneapolis Grain Exchange, established in 1881, is the only futures market for hard red spring wheat, white wheat, durum wheat, cottonseed, Twin Cities on- and off-peak electricity, black tiger shrimp and white shrimp.
