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Minneapolis Grain Exchange (MGEX or Exchange) memberships continue to turn over at a record pace with three trading late Friday afternoon at a record price of $200,000. Seven memberships have traded hands in July moving the record price from $140,000 to the new milestone of $200,000.
“The MGEX looks forward to continued growth in our two core businesses, and corresponding appreciation in our membership prices,” said Mark G. Bagan, President & CEO of the Exchange. “The pursuit of a more focused business plan has laid the ground work for the success the Exchange is now achieving. Recent MGEX investors share the belief that the future is very bright for the Minneapolis Grain Exchange. The staff of the Exchange is dedicated to ensuring that growth continues and looks forward to more positive news as our efforts result in further successes.”
Since January 2007, MGEX membership values have risen from $73,000 to the current record $200,000 — a 274-percent increase. Information on membership and current bids and offers is available at http://www.mgex.com/membership.html or by calling Adam Reinhart at 612-321-7158.
About Minneapolis Grain Exchange
MGEX, established in 1881, is the only market for Hard Red Spring Wheat, National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index (SRWI) futures and options. To learn more about the MGEX visit our website at www.mgex.com.
