Minneapolis Grain Exchange (MGEXTM), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today reported February 2023 trading volume of 253,274 contracts, representing an 18.8% year-over-year (YoY) decrease from the same period in 2022 and a 52.9% increase from January 2023.
MGEX reported Hard Red Spring Wheat (HRSW) Futures volume of 219,450 contracts in February 2023, a decrease of 10.6% YoY and an increase of 65.4% from January 2023. HRSW Options volume totaled 3,426 contracts in February 2023, a decrease of 59.9% YoY and a 79.1% increase from January 2023.
SPIKES® Futures volume totaled 30,398 contracts in February 2023, representing a 47.4% decrease YoY and an average daily volume of 1,600 contracts.
Additional MGEX volume information are included in the tables below.