MGEX Boasts Record Year

Joanna Schroeder

MGEX has concluded its best year with new annual highs in both total volume and electronic volume. Total volume finished the year with 2,315,186 contracts traded, surpassing the previous record set in 2014 by six percent. During the year, MGEX reported five separate months of volume greater than 200,000, doing so for the first time in Exchange history. Of the …

Markets, MGEX

Happy Holidays from MGEX

Chuck Zimmerman

It is holiday time. As in years past we love to share Christmas and other holiday greetings we receive. The winner of being first in our inbox is the Minneapolis Grain Exchange. Wishing you health and happiness this holiday season and prosperity in the New Year.

Holiday, MGEX

November Best Month Ever for MGEX

Cindy Zimmerman

November 2015 was the biggest volume month in history for MGEX, with a total volume of 272,202. This surpassed the previous record set in August by more than 6,000 and is a 39 percent increase from November 2014. This marks the fifth time this year MGEX has reported a monthly volume greater than 200,000, doing so for the first time …

Markets, MGEX

MGEX Has Record Fiscal Year

John Davis

It was a good year trading for MGEX. This news release from the Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) says it set new all-time records in both total volume and electronic volume. Total volume finished the year at 2,278,559 contracts traded, a 13 percent increase over the previous record set a year ago. This marks the third …

MGEX, Trade

Planted Acreage Update From USDA

Cindy Zimmerman

USDA is forecasting the third largest corn crop and the second largest soybean crop on record in a new planted acreage update released today. U.S. growers are forecast to produce 13.7 billion bushels of corn this year, according to the report from USDA’s National Agricultural Statistics Service (NASS). That is actually a four percent decrease from last year’s production, but …

Audio, Corn, Cotton, MGEX, Soybean, USDA, Wheat

Record Beans, Lower Corn in New Acreage Report

Cindy Zimmerman

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) estimates 85.1 million acres of soybeans planted in the United States this year, up two percent from last year and setting a new record high. In contrast, growers planted an estimated 88.9 million acres to corn, the lowest corn acreage since 2010. Record high soybean planted acreage is estimated in …

Audio, Corn, Cotton, MGEX, Soybean, USDA, Wheat

USDA Releases Prospective Plantings Report

Cindy Zimmerman

The much-anticipated 2015 Prospective Plantings released by USDA today shows declines expected in corn, wheat and cotton acres this year, with only a modest increase in soybean acreage. Corn planted area for all purposes in 2015 is estimated at 89.2 million acres, down 2 percent from last year. If realized, this will be the third consecutive year of an acreage …

Audio, Corn, MGEX, Soybean, USDA

MGEX Sets New Records

Cindy Zimmerman

2014 was a record year for the Minneapolis Grain Exchange (MGEX) in total volume of trading at 2,177,740. It marks the first time in history that the Exchange’s volume has surpassed 2 million in a calendar year. Electronic volume during 2014 was 1,856,423, which is also an all-time high for the Exchange. Total volume from 2014 was 47 percent higher …

Markets, MGEX