Grain News


MGEX Position Limits Increase For U.S. Wheat Contracts

Date Posted: January 13, 2012

WHO: MGEX, (Minneapolis Grain Exchange, Inc.)

WHAT: On January 17, 2012, Position Limits (on a futures-equivalent basis) for Hard Red Spring Wheat (HRSW) will increase from 5,000 contracts in a non-spot single month, and 6,500 contracts in all months, to 12,000 contracts in a non-spot single month and 12,000 contracts for all months.

Spot month position limits will not change.

Position limits at MGEX are 600 contracts in the spot month.

WHEN: MGEX non-spot month limits will be effective January 17, 2012.

WHY: The increase in position limits for MGEX HRSW will be in line with position limits permitted by CFTC Regulation 150.2 and will be in parity with position limits traded at other U.S. wheat exchanges.

For more information, call 612-321-7140.

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