Surprising Acreage Report from USDA

Cindy Zimmerman

Despite the challenging planting conditions this spring USDA is saying that farmers have planted even more corn than last year and the most acres in 77 years, according to Friday’s Acreage report. Corn planted area for all purposes in 2013 is estimated at 97.4 million acres, up slightly from last year. This represents the highest planted acreage in the United …

Audio, Corn, MGEX, Soybean, USDA

MGEX Commentary on Plantings Report

Cindy Zimmerman

A little more corn, a little less soybeans, more wheat and a lot less cotton – that summarizes the USDA 2013 Prospective Plantings report out today. Corn growers intend to plant 97.3 million acres of corn for all purposes in 2013, up slightly from last year and 6 percent higher than in 2011. If realized, this will represent the highest …

Audio, Farming, MGEX, USDA

USDA Lowers Grain Stocks

Cindy Zimmerman

USDA’s Quarterly Grain Stocks report out this morning shows declines in stocks of corn, soybeans and wheat compared to this time last year. The report shows corn stocks down 12% from September 2011, soybean stocks down 21% and all wheat stocks down 2%. Old crop corn stocks in all positions on September 1, 2012 totaled 988 million bushels, soybeans totaled …

Audio, Corn, MGEX, Soybean, USDA, Wheat

MGEX Debuts Canadian Conference Call

Cindy Zimmerman

The Minneapolis Grain Exchange has been doing a monthly conference calls with commentary on USDA crop and supply/demand reports for many years. Now they are doing the same for their friends north of the border. Today was the inaugural MGEX conference call in conjunction with the Stats Canada agricultural data releases, following the release of March Intentions of Principal Field …

Audio, MGEX, Wheat

MGEX Celebrating 130 Years

Chuck Zimmerman

The Minneapolis Grain Exchange is celebrating some history in December. Learn more about it on their website. In conjunction with the 130th anniversary of the Minneapolis Grain Exchange, Inc. (MGEX), the company will hold a celebration and auction on Friday, December 2, 2011. Numerous unique and valuable MGEX items, some dating back more than a century, will be available for …

Agribusiness, MGEX

MGEX Reports Higher October Trading and New Team Member

Cindy Zimmerman

The Minneapolis Grain Exchange (MGEX) reports that trading volume in October was up significantly over a year ago. According to MGEX, October futures and options trading volume was 149,923 contracts, a 33 percent increase over the same period a year ago. Total exchange open interest was up 39 percent over October of last year, led by a strong increase in …

Markets, MGEX

MGEX Nearly Doubles Trade Volume

Cindy Zimmerman

The Minneapolis Grain Exchange (MGEX) keeps setting – and breaking – new records. MGEX’s July 2010 trading volume was 170,679 – a 98 percent increase over the same period last year and the thirteenth-best monthly Exchange volume in MGEX’s 129 year history. July futures open interest soared 61 percent year-over-year and total Exchange open interest increased by 51 percent in …