MINNEAPOLIS, MINNESOTA, U.S. – MGEX said it broke its open interest record with the close of July 7 activity at 104,175 contracts. This is nearly three times more than open interest was at the exchange five years ago.
Volume continues to be high at MGEX with month-to-date total volume at 85,563 contracts.
| Sign up for our free newsletters From daily reports on breaking news to weekly updates, World Grain has the grain, flour and feed industries covered. |
Subscribe |
KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.