Interest In Minneapolis Grain Exchange Hard Winter Wheat Index (HWI)
Futures And Options Doubles In Two Weeks - November
MINNEAPOLIS–The Minneapolis Grain Exchange (MGEX) announced
today that in two weeks, open interest in Hard Winter Wheat Index
(HWI) futures and options has doubled. HWI open interest at
the end of trading day on Friday, November 7 reached 6,367 contracts.
Of the 6,367 HWI contracts, 2,308 were futures and 4,059 were options.
Open interest is the number of open positions held at the end of
the day by market participants in all contract months and is a measure
of a market’s liquidity.
HWI futures reflect country origin pricing for hard red winter wheat
and are financially settled at the end of each month to the spot
HWI, calculated by Data Transmission Network (DTN), a data services
provider out of Omaha, Neb. HWI futures are an excellent way
for buyers and sellers of hard red winter wheat to manage basis
risk by hedging in a futures contract that very closely reflects
their local cash market. More information on the contracts,
including price quotes, daily volume and open interest and contract
specifications, may be found on the Minneapolis Grain Exchange’s
website at www.mgex.com.
MGEX, established in 1881, is the only market for hard red spring
wheat, Hard Winter Wheat Index (HWI), National Corn Index (NCI)
and National Soybean Index (NSI) futures and options. www.mgex.com