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 …


Corn Down and Soybeans Up in New Crop Report

Cindy Zimmerman

USDA lowered its forecast for 2009 corn production and yields in the latest report out today, but increased the soybean estimate. Corn production is forecast at 12.9 billion bushels, down 1 percent from last month but 7 percent higher than 2008. Based on conditions as of November 1, yields are expected to average 162.9 bushels per acre, down 1.3 bushels …

Farming, MGEX, USDA

MGEX is Tweeting

Cindy Zimmerman

The Minneapolis Grain Exchange (MGEX) is the latest ag-related biz to go Twitter. According to a news release: With the creation of the MGEX site, anyone subscribing to view information on MGEX can receive up to date information in a timely manner. The page can be accessed at: MGEX will use Twitter to distribute press releases and share Exchange …

MGEX, New Media