Minneapolis Grain Exchange
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130 Grain Exchange Building
Minneapolis, MN 55415

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The Canadian Marketplace

MGEX recognizes the importance of Canadian wheat production and its high quality and usage in feeding the world. When combined with the high quality United States spring wheat crop, it becomes the single largest, most dominant wheat crop grown in North America.

The MGEX Hard Red Spring Wheat (HRSW) contract is ideally suited for hedging North American high quality wheat grown in Canada and United States. The MGEX HRSW contract offers reliable convergence and strong correlations to domestic and export locations for high quality wheat grown in both Canada and the U.S. Due to the HRSW contract’s high protein specification, it allows for good correlations with durum wheat as well, making it a strong benchmark for Canadian and U.S. durum. As a North American spring wheat contract, HRSW is a proven price discovery instrument and reliable risk management tool for global market participants.

Recent changes to the HRSW contract specifications allow for global participation in the delivery system and ensure the delivered wheat is of the highest quality. On January 19, 2012, MGEX announced the removal of the U.S. origin condition from the HRSW contract. Further, the Exchange added a deoxynivalenol (vomitoxin) specification with a 2.0 parts per million maximum delivery.

Complete Contract Specifications

Hard Red Spring Wheat Brochure

 

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