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 open interest of Hard Red Spring Wheat (HRSW) futures contracts. HRSW futures open interest totaled 67,318 in October 2010, compared to 43,339 in the same period last year.

MGEX also announced the addition of Joe Victor as Business Development Specialist. Victor comes to the Exchange with 30 years of experience in the cash, futures and agricultural investment industries.

“Joe Victor is a well-respected and experienced addition to the MGEX team,” Mark G. Bagan, President & CEO, MGEX said. “His industry knowledge and credibility will serve our members and market participants well,” Bagan said.