Grain News


MGEX Reports Sixth Month of Year Over Year Volume Growth

Date Posted: April 1, 2013

Minneapolis, MN—MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announces April 1 a 14 percent increase in total volume from March 2012.

This is the sixth consecutive month that the Exchange has seen year over year volume growth. Total volume for March was recorded at 92,576 contracts traded.

Open interest also increased 9 percent over March 2012.

Total open interest was recorded at 44,718, with the options market seeing a 16 percent increase from February 2013.

“The 2013 calendar year has experienced trading growth over the same period last year with total Exchange volume up 10 percent,” said Mark G. Bagan, President & CEO, MGEX.

“Several specification changes to the North American Hard Red Spring Wheat contract are in effect with the May 2013 contract month which should encourage further international participation in the market and increased trade volume,” he added.

The Apple Juice Concentrate (AJC) contract continued to see growth throughout March, especially in the options market.

Total volume was recorded at 227, with futures contracts accounting for 27 contracts traded and options contracts accounting for 200 contracts traded.

Total AJC open interest was recorded at 345. Of that, 50 were futures contracts and 295 were options contracts. AJC options open interest nearly doubled that of February 2013.

The March 21 trade date recorded record daily volume with 137 total contracts traded. Hard Red Spring Wheat total volume was recorded at 92,349, with futures contracts accounting for 91,653 contracts traded and options contracts accounting for 696 contracts.

Total open interest was recorded at 44,373, with futures contracts accounting for 41,211 and options contracts accounting for 3,162.

More information on MGEX volume and open interest can be found at www.mgex.com.

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