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MINNEAPOLIS GRAIN EXCHANGE ANNOUNCES RECORD APRIL VOLUME

May 03, 2005


Contact: Teri Huffaker; 612-321-7140

MINNEAPOLIS, Minn. (May 3, 2005) — Trading volume at the Minneapolis Grain Exchange (MGEX) during the month of April was an all-time high for April and the fifth highest trading volume month in the exchange’s history.

 

Total MGEX volume during April 2005 was 158,688 contracts, nearly 30 percent ahead of total exchange volume during April 2004 and 18 percent ahead of the previous April volume record established in 1997.  Spring wheat futures volume comprised the lion’s share of the April record with 155,632 contracts traded.

 

“The spring wheat market experienced heavy fund participation during April,” according to Ryan Kelbrants of ADM Investor Services, “Fund activity coupled with weather concerns and volatility in other areas of the agricultural sector contributed to the record volume.”

 

Many agricultural markets have experienced increased interest from funds over the past several months; volume in the spring wheat futures market reflects that interest.  In addition to having a high volume month, MGEX had record single-day trading volume on April 25 when spring wheat futures volume totaled 23,602 contracts.  Year-to-date, MGEX total exchange volume is 556,335 contracts, 13.5 percent ahead of total volume for the same period last year, which was a record volume year for the exchange.

 

 

Minneapolis Grain Exchange Volume

 

April 2005

April 2004

Change

YTD 2005

YTD 2004

Change

Total MGEX

158,688

122,301

+29.8%

556,335

490,245

+13.5%

 

 

About Minneapolis Grain Exchange

MGEX, established in 1881, is the only market for hard red spring wheat, Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI), Soft Red Winter Wheat Index (SRWI), National Corn Index (NCI) and National Soybean Index (NSI) futures and options. www.mgex.com.

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