Minneapolis Grain Exchange Membership Sets Another Record With A Sale At $230,000

Just after the Minneapolis Grain Exchange (MGEX or Exchange) announced a record membership sale at $215,000 yesterday, three more sales occurred driving the record price to $230,000.

“A short time ago, our membership prices increased by $1,000 or $2,000 between sales,” said Layne Carlson, Director, Building Operations; Treasurer & Corporate Secretary. “Now we see moves of $5,000 to $20,000. This simply reinforces what more people are realizing — that the MGEX has been undervalued for years. As the MGEX gains global recognition, traders and investors are becoming aware of our potential and see the business and investment opportunities at the MGEX. “

The Exchange has had 57 membership trade hands since January 2007. Prices have increased from $73,000 to $230,000 during that same period. Information on membership and current bids and offers is available at http://www.mgex.com/membership.html or by calling Adam Reinhart at +1 612-321-7158.