MGEX Marks Fifth Highest Electronic Trading Volume Day

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced electronic futures and options trading volume of an estimated 12,498 contracts for its flagship Hard Red Spring Wheat (HRSW) contract. The total marks the fifth highest electronic volume day in the history of MGEX. Total daily Exchange volume was an estimated 14,782 contracts traded.

“Pockets of drought in the Russian and EU wheat producing areas have driven global wheat futures prices up” Mark G. Bagan, President & CEO, MGEX said. “Additionally Russia has announced a ban on wheat exports which is further affecting the international marketplace,” Bagan said.

The daily electronic volume record was set on November 9, 2009 when 18,592 futures and options contracts traded electronically at MGEX.

For complete volume and open interest information, visit www.mgex.com.