(NDAgConnection.com) – The Minneapolis Grain Exchange reported August 2022 trading volume of 376,441 contracts, representing a 4.6% year-over-year (YoY) decrease and a 58.9% increase from July 2022.

Total year-to-date volume reached 2,400,396 contracts, a decrease of 3.0% from the same period in 2021.

MGEX reported Hard Red Spring Wheat (HRSW) Futures volume of 209,872 contracts in August 2022, a decrease of 29.5% YoY and an increase of 10.4% from July 2022. HRSW Options volume totaled 5,941 contracts in August 2022, a decrease of 46.2% YoY and a 30.3% increase from July 2022.

SPIKES Futures year-to-date volume reached a record of 538,417 contracts, a 314.8% increase YoY. SPIKES Futures volume totaled 160,628 contracts in August 2022, representing an 87.0% increase YoY and an average daily volume of 6,984 contracts.