Company type | Subsidiary |
---|---|
Industry | Business services |
Founded | 1881 |
Headquarters | |
Products | Futures and options |
Parent | Miami International Holdings |
Website | Official website |
Minneapolis Grain Exchange | |
Location | 400 and 412 S. 4th St and 301 4th Ave. S., Minneapolis, Minnesota |
Coordinates | 44°58′39″N 93°15′49″W / 44.97750°N 93.26361°W |
Built | 1881 as Chamber of Commerce |
Architect | Kees and Colburn (main building, 1902), Long, Lamoreaux & Long (east building, 1909), and Bertrand and Chamberlain (north building, 1928) |
Architectural style | Sullivanesque |
NRHP reference No. | 95000821[1] |
Added to NRHP | November 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.