National & World Ag News Headlines
MGEX Reports Highest Calendar Year Volume in 2017
USAgNet - 01/03/2018
The Minneapolis Grain Exchange has recorded the highest calendar year volume at 2.8 million contracts.
This oversees the previous record of the 2015 calendar year by 488,363 contracts and totals out to 28% higher than the total volume of 2016.
Along with this achievement, MGEX options volume for the 2017 calendar year nearly doubled the preceding record set in 2002 which was 61,226 contracts.
The Exchange additionally set a new annual electronic volume record with 2.4 million contracts trading which surpasses the previous record by 22%.
December 2017 total volume was 115,104 contracts while the month-end open interest was recorded as higher than a year ago at this time by 13% with a total of 76,176 contracts.
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