The year-over-year change for May volume is 85% higher with 2010 total volume having been 84,161 contracts. This continues the year over year double digit percentage increase in volume for this fiscal year.
The May electronic monthly volume record also fell with 146,149 contracts traded as compared to 78,141 during the month of May 2009, the previous record. Electronic volume in May was the 6th highest in exchange history.
Additionally, month end total MGEX open interest is up 25% from a year ago. The month also holds the 14th highest electronic volume day of 11,979 contracts which was on the 26th of the month.
“The month of May was an important month for 2011 hard red spring wheat planting. Weather interruptions inflicted a slower planting pace and brought additional attention to our HRSW market,” Joe Victor, business development specialist, MGEX said. “We are pleased to offer the world MGEX products for its risk management needs.”