“The upcoming First Notice Day [November 30] spurred liquidation along with spread trading between Minneapolis and Kansas City wheat, leading to yesterday’s record volume,” said Ryan Kelbrants of Benson-Quinn Commodities, Inc., Minneapolis. The favorable weather in Argentina, Australia and the U.S. Plains also pressured the wheat markets, Kelbrants added.
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. For more information on the Exchange, visit www.mgex.com.
