MINNEAPOLIS, MINNESOTA, U.S. — The Minneapolis Grain Exchange (MGEX) on April 1 announced a new March trading volume of 155,068, a 34% increase over the previous record set in 2007 and a 68% increase over the year ago period.

New records were also set for March futures volume and options volume. March trading of the flagship hard red spring wheat (HRSW) futures contract totaled 150,606, surpassing the 2007 record by 34%. Last month’s futures trading total also represents a 66% increase over March 2010. HRSW options trading in March increased 137% over the year ago period and marked a new March options volume record of 4,462.

MGEX continued to see strong electronic trading with March 2011 shattering the former March record by 77%. A total of 136,858 contracts traded electronically last month. March 2011 electronic trading was the seventh best electronic trading month in exchange history.

Fiscal year to date volume is 54% higher than the previous period. March open interest increased 35% over March 2010.