MGEX raises limits
Minneapolis Grain Exchange (MGEX) has increased position limits (on a futures-equivalent basis) for Hard Red Spring Wheat (HRSW).
Limits will increase from 5,000 contracts in a non-spot single month and 6,500 contracts in all months, to 12,000 contracts in a non-spot single month and 12,000 contracts for all months. Spot month position limits will not change. Position limits at MGEX are 600 contracts in the spot month. MGEX non-spot month limits will be effective January 17, 2012.
An exchange statement said: "The increase in position limits for MGEX HRSW will be in line...