CME Group and MGEX (Minneapolis Grain Exchange, Inc.) have a strategic partnership realized through a commercial agreement. The agreement allows MGEX Hard Red Spring Wheat futures trading activity to be conducted exclusively on the CME Globex trading platform. In addition, the partnership calls for price limits to be coordinated between CME Group, KCBT, and MGEX.
Enhanced Transparency, Liquidity, and Trading Exposure
Trading MGEX products on CME Globex affords market participants a number of benefits:
MGEX is the primary venue for trading hard red spring wheat (HRSW) among millers, exporters, elevators, and farmers. Hard red spring wheat, together with its winter equivalent, represents the bulk of U.S.-produced wheat.
Products and services at MGEX include: