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SHould writing options be left to the pros or can retailers do it as well?

How many of you out there have heard of this contract and what do you think of it? I've heard Ethanol Plants are interested because it is less region specific than Chicago's corn contract.

There is nothing to argue about scalping. Buy the bid sell the offer. You need "Theoretical Edge" to do it (pros only).

If they're growing spring wheat bring you business to minneapolis.

Wheat, corn, beans?

You can come in and watch during a session. I recommend you come during the open or close though, it can get a little boring sometimes. As for volume, we are much smaller than KC and Chicago, but is definitley enough to speculate on. The options volume is lacking for sure, but believe it or...

What kind of grain are we talking about here?

You can definitely day trade here. I don't think the exchange would be open I you couldn't.

Minnesota is a nice place to live. In was even voted healthiest state in 2005. The cost of living is also cheaper than Chicago and NYC.

That's right

Some of these guys own ten plus seats. I figure they just want to get people interested. Like I said not many people know about it. Most financial papers don't even list Minneapolis, which is silly if you as me.

I don't understand why everybody is so suspicious about the lease price. They aren't selling seats for $30. The Exchange is far from shuting down and had a good fiscal year last year. I just want people to know this is a great place to trade.

I feel another reason the seats are so cheap is due to the fact that we are in Minneapolis for God's sake. It isn't exactly known as one of the world's financial centers. This means that every twenty year old that has seen Trading Spaces isn't kicking the door down like Chicago, because they...

We aren't they were never that high to begin with. I don't know how anyone could think this isn't a good deal. Mpls is a exchange with easily liquid contracts. It isn't like we are talking about Winnipeg.

We are breaking records and the pit pop is about the same. We are really hoping the NCI contract will also gain some OI and vol. since it is now being pit traded.

The volume is increasing and there are still money making opportunities everyday. Althought it may not be a place for everyone.

You can lease a seat at the Minneapolis Grain Exchange for $30 dollars and buy one for $32,000 currently. What a deal!!!!!!! I know because I work there. http://www.mgex.com/seat_prices.html

Yes, $30 a month. This is not a typo. Spring Wheat margin is $650 and spreads are much cheaper I here tell them Domingo sent you.

ChiBondKing, I work on the floor in Mpls and it is true. You can lease a seat for $30.

You can buy a seat at the Minneapolis Grain Exchange for under 30K and lease one for $30. This if you don't mind trading wheat futures.