Minneapolis Grain Exchange Sets Another All-Time Daily Electronic Volume Record

The Minneapolis Grain Exchange (MGEX or Exchange) announced it has set a new daily electronic trading volume record with 5,260 contracts traded during the Nov. 28 trading session. This is the second all-time daily electronic volume record set this month, breaking the previous record or 4,879 contracts set Nov. 5, 2007 by 381 contracts.

The Exchange has also set a new calendar year volume record with 1,673,882 contracts traded to-date. Total volume for 2006 was 1,655,034.

“Strong demand for wheat continues to drive increased volume in the Hard Red Spring Wheat contract,” says Nancy Krull, Director of Marketing at the MGEX. “The Exchange is on track to set a new all-time high monthly electronic volume record and a new monthly total volume record for the month of November.”