The Minneapolis Grain Exchange (MGEX or Exchange) announced today that two memberships sold yesterday at a record price of $80,000. These were the fifth and sixth memberships sold in the month of February, with all of them selling above $75,000.
According to Mark G. Bagan, president and CEO of the Exchange, interest in the MGEX continues to grow and is evident by the constant rise in membership values. “It’s a bull market for commodities,” he said. “The Minneapolis Grain Exchange is in a position for significant growth and interest in membership is ramping up with the market. We continue to see record or near record volume in our contracts and are experiencing a strong growth trend. We’re very positive about the future of the Exchange.”
