 Trading floor, 1963 | |
| Company type | Commodities market |
|---|---|
| Predecessor | Sioux City Board of Trade |
| Founded | October 14, 1907 |
| Founder | Fred L. Eaton |
| Fate |
|
| Headquarters | Sioux City, Iowa |
Area served | Corn Belt |
Key people | Secretaries:
|
| Products | Corn, wheat, oat, soybean |
| Services |
|
| Subsidiaries | Sioux City Inspection and Weighing Company |
The Sioux City Grain Exchange (SCGX) was a cash commodity market in Sioux City, Iowa that primarily traded corn, wheat, oat, and soybean. It was established in 1907 as the Sioux City Board of Trade, named the "fastest growing grain market in the world" in 1929,[1] and among the largest exchanges in the world by the 1970s; transacting over 100 million bushels annually (valued at $1 billion as of 2018).[2][3][4] It served the Corn Belt (primarily Iowa, Nebraska, South Dakota, and Minnesota) and primarily competed against the Chicago Mercantile Exchange, Minneapolis Grain Exchange and Kansas City Board of Trade. SCGX's rise and decline was driven by barge navigation of the Missouri River and mirrored the Sioux City Livestock Exchange (Sioux City Stockyards), the largest in the world during the 1970s.[5] Both were co-founded by Vermont banker Fred L. Eaton.[6]
- ^ "Grain Business Has Doubled Here in Past Year". Sioux City Journal. January 29, 1929. p. 12.
- ^ Cite error: The named reference
:2was invoked but never defined (see the help page). - ^ "Grain Farmers Reluctant to Sell". Sioux City Journal. April 26, 1976.
- ^ "Grain Exchange Provides Market Service". Sioux City Journal. April 17, 1976. p. A14.
- ^ Jenkins, Jim (December 1, 2001). "Stockyards once were busiest in nation". Sioux City Journal.
- ^ "Fred L. Eaton". Sioux City History.