Minneapolis Grain Exchange

Minneapolis Grain Exchange
Company typeSubsidiary
IndustryBusiness services
Founded1881; 143 years ago (1881)
Headquarters
ProductsFutures and options
ParentMiami International Holdings
WebsiteOfficial website
Minneapolis Grain Exchange
The three-building Minneapolis Grain Exchange viewed from the west
Location400 and 412 S. 4th St and 301 4th Ave. S., Minneapolis, Minnesota
Coordinates44°58′39″N 93°15′49″W / 44.97750°N 93.26361°W / 44.97750; -93.26361
Built1881 as Chamber of Commerce
ArchitectKees and Colburn (main building, 1902), Long, Lamoreaux & Long (east building, 1909), and Bertrand and Chamberlain (north building, 1928)
Architectural styleSullivanesque
NRHP reference No.95000821[1]
Added to NRHPNovember 23, 1977

The Minneapolis Grain Exchange (MGEX) is a commodities and futures exchange of grain products. It was formed in 1881 in Minneapolis, Minnesota, United States as a regional cash marketplace to promote fair trade and to prevent trade abuses in wheat, oats and corn. MGEX became a subsidiary of Miami International Holdings after the two companies merged in 2020.[2]

MGEX has been the principal market for Hard Red Spring Wheat (HRSW) since 1881, offering futures and options contracts based on its unique commodity. HRSW is one of the highest-protein wheats. It is found in bagels, pizzas, high-quality breads and cereals, and some noodles and cookies. It is planted mostly in the U.S. Northern Plains and the Canadian Prairies.

  1. ^ "National Register Information System". National Register of Historic Places. National Park Service. January 23, 2007.
  2. ^ "Miami International Holdings and MGEX Announce Plan of Merger; MGEX to Join MIAX Exchange Group".