MGEX Agricultural Index Products

The five MGEX financially settled agricultural index contracts provide solid trading options for traditional hedgers and speculators. Whether you want to create a synthetic basis trade, a storage hedge or simply lay off risk from another trade, the MGEX indexes are tools you can use to get it done.

• Wheat Indexes: Hard Red Spring, Hard Red Winter, Soft Red Winter
• National Corn Index
• National Soybean Index

Predictable Basis Helps Hedgers Use Futures To Minimize Risk

Predictable basis and reliable convergence between cash and futures markets are needed to make good merchandising and hedging decisions. Because they are financially settled to a spot index of country origin pricing as calculated by DTN, MGEX agricultural index products ensure convergence. Wheat basis and convergence charts for Northern Ohio, Toledo, Mt Vernon, St. Louis and Memphis are available.

The MGEX website offers tools to help you compare the index contract and the futures market performance by simply changing the index symbol and or futures market symbol where indicated in the spread sheet. Take a look at the comparisons for Wheat, Corn, and Soybeans.

Wheat Spreading Opportunities

The three MGEX wheat index products provide traders with myriad trading opportunities. Learn more about using these indices in your trading strategies.

Creating Synthetic Basis Positions

The chart below shows the June 2010 Soft Red Winter Wheat Index (SRWI) - July 2010 Chicago Wheat spread, or synthetic basis spread.  Read more detail on this application here.

More Information

General Information, Symbols, Examples

Ag MGEX Index FAQ   Contract Specifications    Financial Settlement Defined    Agricultural Indexes Brochure  

Wheat Spread Opportunities   Ag Index Futures Monthly Settlement Prices   Historical Spot DTN Indexes

The Options Advantage    Ag Sparks Study of MGEX Indexes       Quotes and Charts     

Trading at MGEX

Margin Requirements    Trading and Clearing Fees      Electronic Trading Information 

MGEX Ticker Symbols and Trading Hours         Trading Calendars and Exchange Holidays

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