Deemed by some as the report of the century, the USDA Planting Intentions report released Friday, March 30 spurred an active day of trading at the Minneapolis Grain Exchange (MGEX or Exchange). Hard red spring wheat futures volume on March 30 was 14,850 contracts, which is the 13th highest daily trading volume in the history of the MGEX. Volume for the month also topped the charts with the highest total volume for March at 115,483 contracts traded.
Open interest at the MGEX also continues to climb with month-end futures and options open interest at 56,792 contracts, a 9-percent increase over this time last year. Hard red spring wheat futures open interest is 12-percent above this time last year with 51,461 contracts.
The Exchange continues to see steady growth in volume, open interest and membership values.
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