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Minneapolis Grain Exchange Board
of Directors Elects Michael Krueger as Nonmember Director
- January 14, 2004
MINNEAPOLIS– At the January 8 meeting of the Minneapolis Grain
Exchange (MGEX) board of directors, Michael Krueger, founder and
president of The Money Farm, was elected to serve on the board as
a nonmember director. The Money Farm is a grain marketing
advisory service located near Fargo, North Dakota.
In addition to serving as president of The Money Farm, Mr. Krueger
hosts a syndicated radio and television show of the same name carried
on 35 radio stations across the upper Midwest and six television
stations across North Dakota.
“We’re very pleased to welcome Michael Krueger to our
board of directors,” said Kent Horsager, MGEX president and
ceo. Horsager added, “Mike brings extensive market knowledge
and experience to our exchange in areas relevant to our flagship
product, hard red spring wheat futures, and we look forward to his
participation in future MGEX endeavors.”
Mr. Krueger is a licensed commodity broker and a senior analyst
for World Perspectives; a Washington based international agricultural
consulting company. Previously, Krueger was involved in spring
wheat and durum wheat merchandising for Cargill, Inc., co-founded
Agri-Mark (a grain marketing consulting company located in Fargo,
North Dakota) and is frequently a guest on nationally syndicated
television programs Ag Day and Weekend Update.
Mr. Krueger stated, “I look forward to working with the Minneapolis
Grain Exchange during such an exciting time in our existing market
environment and am excited to have the opportunity to participate
in the ongoing development of new markets.”
The MGEX board of directors is comprised of fourteen member directors
and four nonmember directors. The remaining three nonmember
director slots on the MGEX board are filled by Curt Denisuik, director
of commodity risk management, Canadian Wheat Board; David W. Nelson,
managing director-Chicago office, Rabobank International; and Tom
Miller, grain department manager, Farmers Cooperative Company.
MGEX, established in 1881, is the only market for hard red spring
wheat, Hard Winter Wheat Index (HWI), National Corn Index (NCI)
and National Soybean Index (NSI) futures and options. www.mgex.com
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