Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

MGEX Ending U.S.-Origin Requirement on Wheat Contract This Year

Jan. 19 (Bloomberg) -- The Minneapolis Grain Exchange said it will remove by September a provision in spring-wheat futures contracts that requires delivery of only U.S. grain.

The exchange received approval from the U.S. Commodity Futures Trading Commission to make the change, MGEX said today in a statement on its website. Plans for the change were first announced in August, when MGEX indicated the requirement would be lifted no later than May 2013.

IntercontinentalExchange Inc., a rival exchange, plans to offer milling-wheat, durum and barley contracts in Winnipeg, Manitoba, starting Jan. 23. Canada’s Conservative government passed a law last month ending the marketing monopoly held by the Canadian Wheat Board in Western Canada since 1943.

To contact the reporter on this story: Whitney McFerron in Chicago at

To contact the editor responsible for this story: Steve Stroth at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.