Implied Pricing Added To MGEX NCI, NSI Futures Contracts

The Minneapolis Grain Exchange (MGEX or Exchange) is pleased to announce that effective with the Oct. 10 evening trading session, implied pricing will be added to the National Corn Index (NCI) and the National Soybean Index (NSI) futures contracts.

“The newly added functionality will make it easier and more efficient for traders to execute spread trades among contract months within each contract,” explained James D. Facente, Director of Market Operations, Clearing and IT for the Exchange.

With this change, implied pricing is now available in ALL MGEX futures contracts including the Hard Red Spring Wheat (HRS) futures, Hard Red Spring Wheat Index (HRSI), Hard Red Winter Wheat Index (HRWI), Soft Red Winter Wheat Index (SRWI), as well as the NCI and NSI futures contracts.