Open interest streak highlights month for MGEX

by World Grain Staff
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MINNEAPOLIS, MINNESOTA, U.S. — MGEX has concluded January with a total contract volume of 155,833, marking four straight months of volume greater than 150,000.

Electronic volume totaled 136,235 contracts at month’s end, resulting in the third-highest electronic total ever during the month of January. This month’s news cycle for the exchange was dominated by a spike in open interest that saw nine-straight days of top 25 figures, including the highest open interest total ever for the exchange, reaching 82,802 on Jan. 28.

Through the first five months of the fiscal year, total volume is 2% higher than at this time a year ago. Open interest following Jan. 29 activity was 82,182, third highest in exchange history and up 18% from a year ago.

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