date:Oct 19, 2012
roached for a takeover, and declined to be named due to lack of authorization to speak on behalf of the exchange on the issue.
We see a marriage of us with Canada to trade a truly North American wheat contract. The size does not bother us. We have an efficient operation, the board member said.
Bagan and MGEX traders said the Canadian Wheat Board had been a major hedger on the MGEX.
Open interest in MGEX spring wheat totaled 43,766 contracts as of Tuesday, up from less than 31,000 in July but