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Record Month at MGEX
MINNEAPOLIS - Mar 2/05 - SNS -- The Minneapolis Grain Exchange (MGEX) reported record trading volume during February, consistent with the experience of other major exchanges in the United States.
Total February 2005 MGEX futures and options volume was 175,748 contracts, nearly 6% higher than the previous record established in November 2004 when 165,833 contracts exchanged hands.
The increase in volume was led by the Exchange’s flagship contract, hard red spring wheat futures, which traded 173,065 contracts during February. The contract has traded continuously at MGEX since 1883.
An evening electronic trading session was added to hard red spring wheat futures in December 2004. Of the total spring wheat futures volume traded during February, 1,571 contracts were traded electronically.
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