BNET Industries
Last Fiscal Year Sales:$17.5M
- Private
- US
Dow Jones Description
Since its inception in 1881, MGEX has been the principal market for hard red spring (HRS) wheat first as a cash market, then futures and options. Millers, exporters, elevators, farmers and speculators look to MGEX when they trade HRS wheat and with good reason. Known for its stable and reliable trading environment, MGEX has a reputation as a good place to do business. It offers the liquidity, the product line and the oversight to ensure fair and accurate trading for all its participants. MGEX now offers new index-based contracts in addition to their flagship hard red spring wheat. Index futures and options contracts are offered on hard red spring wheat (HRSI), hard red winter wheat (HRWI), soft red winter wheat (SRWI), corn (NCI) and soybeans (NSI). These indexes are calculated daily by Data Transmission Network (DTN), an Omaha-based electronic commerce and information services company.
President & CEO
Mark G BaganNumber of Employees 34
Peer Companies
NAICS Code Commodity Contracts Brokerage: 523140
News & Analysis
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minneapolis grain exchange - All News and Analysis
Minneapolis Grain Exchange
The Minneapolis Grain Exchange launched side-by-side hard red spring wheat options. www.mgex.com
Minneapolis Grain Exchange
The Minneapolis Grain Exchange names Rita Maloney as Mgr of Mktg, Comms and Media Relations, working directly with brokers and other marketing partners to promote the Exchange. [ILLUSTRATION OMITTED] Most recently, she worked at WCCO radio where she served as Business Editor and Anchor.
Market Talk: Opportunities Limited To Lock In High Wheat Prices.
WINNIPEG, MB, Jan 21, 2008 Resource News International via COMTEX -- The following is a collection of opinions of traders at ICE Futures Canada and Canadian grain industry representatives. Winnipeg, MB, Jan. 21, 2008 Resource News - Western Canadian farmers still holding onto...
Minneapolis Grain Exchange
Public directors appointed to the Minneapolis Grain Exchange by the board to serve one-year terms include Curt Denisuik, Canadian Wheat Board; Robert D. Gordon, CEO of DTN; James S. Ginsburg, Managing Partner at Vernon & Park Capital, L.P., and William R. Power. Scott A. Cordes, Country Hedging, Inc., is...
DTN CEO Appointed Public Director by the Minnesota Grain Exchange
Minneapolis Grain Exchange MGEX or Exchange Board of Directors names DTN CEO, Robert Gordon, a 2007-2008 public director OMAHA, Neb. -- DTN, a leading business-to-business provider of real-time market, news and weather information services, announced today that Robert Gordon, DTN chief executive officer, has been appointed to serve as...
Urbana Corporation Purchases 23 Additional Minneapolis Grain Exchange Memberships
Urbana Corporation ("Urbana") (TSX: URB.A) is pleased to announce that it has acquired another 23 memberships on the Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$5.9 million. This purchase increases Urbana's stake in the MGEX to approximately CDN$8.8 million or 31 memberships. MGEX, established in 1881, is...
Urbana Corporation Purchases 23 Additional Minneapolis Grain Exchange Memberships
Urbana Corporation ("Urbana") (TSX: URB)(TSX: URB.A)(TSX: URB.WT)(TSX: URB.WT.A) is pleased to announce that it has acquired another 23 memberships on the Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$5.9 million. This purchase increases Urbana's stake in the MGEX to approximately CDN$8.8 million or 31 memberships. MGEX, established...
Urbana Corporation Purchases 23 Additional Minneapolis Grain Exchange Memberships.
TORONTO, ONTARIO, Sep 7, 2007 CCNMatthews via COMTEX -- Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT)(TSX:URB.WT.A) is pleased to announce that it has acquired another 23 memberships on the Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$5.9 million. This purchase increases Urbana's stake in the MGEX...
Urbana Corporation Purchases Additional Minneapolis Grain Exchange Memberships
Urbana Corporation ("Urbana") (TSX: URB)(TSX: URB.A)(TSX: URB.WT)(TSX: URB.WT.A) is pleased to announce that it has acquired another 2 memberships on the Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$400,000. This purchase increases Urbana's stake in the MGEX to approximately CDN$1.7 million. Urbana is an investment corporation that...
Urbana Corporation Purchases Additional Minneapolis Grain Exchange Memberships.
TORONTO, ONTARIO, Jul 30, 2007 CCNMatthews via COMTEX -- Urbana Corporation ("Urbana") (TSX:URB)(TSX:URB.A)(TSX:URB.WT)(TSX:URB.WT.A) is pleased to announce that it has acquired another 2 memberships on the Minneapolis Grain Exchange ("MGEX"), a private entity, for approximately US$400,000. This purchase increases Urbana's stake in the MGEX to...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mark G Bagan | President & CEO |
| Jesse M Bartz | Chief of Staff |
| Georgette McDonald | Director of Business Services and Product development |
| James D Facente | Director of Market Operations, Clearing & It |
| James S Ginsburg | Public Director |
| Layne G Carlson | Director of Building Operations |
| Nancy J Krull | Director of Marketing |
| Sandra S Sullivan | Director of Market Regulation |
| Kris W Nelson | Manager, Clearing |
| Brad Wallin | Trader |
| Jon Riley | |
| Raymond Lottie | |
| Richard H Browne | |
| Scott A Cordes |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Ronald D Olson | Chairman |
| James D. Wilmes | Board of Directors |
| Michael Krueger | Board of Directors |
| Steve Greenberg | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Chief of Staff | Current |
| Minneapolis Grain Exchange | Assistant Corporate Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Director of Business Services and Product development | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Director of Market Operations, Clearing & It | Current |
| Organization | Position | Status |
|---|---|---|
| Vernon & Park Capital, L.P. | Managing Partner | Current |
| Minneapolis Grain Exchange | Public Director | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Director of Building Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Director of Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Director of Market Regulation | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Manager, Clearing | Current |
Mr. Wallin works primarily in the agribusiness industry, and is a member/trader of the Minneapolis Grain Exchange as well as an officer of a small grain processing firm known as Montana Specialty Mills LLC. This company, based in Great Falls, Montana, is a processor of both organic and conventional specialty crops. Mr. Wallin has been actively involved in several nonprofits for many years, most notably with Family and Children's Service, Hennepin County Library Foundation, and Compatible Technology International. He currently resides in Edina, Minnesota with his wife, Cyndy, and their four children.
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Trader | Current |
| The Compatible Technology, Inc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Current | |
| General Mills, Inc. | Former | |
| University of Minnesota | Bachelor of Science Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Current |
| Organization | Position | Status |
|---|---|---|
| Minneapolis Grain Exchange | Current |
| Organization | Position | Status |
|---|---|---|
| Ngfa | Top Industry Officer | Current |
| Ngfa | Chairman | Current |
| Minneapolis Grain Exchange | Chairman | Current |
| General Mills, Inc. | Former | |
| ContiGroup Companies, Inc. | Former | |
| Minneapolis Grain Exchange | Board Member | Former |
| Iowa State University | Masters In Economics | Former |
| Iowa State University | Undergraduate Degree In Agricultural Business | Former |
| Organization | Position | Status |
|---|---|---|
| Bay State Milling Company | Executive Vice President of Operations | Current |
| Minneapolis Grain Exchange | Board of Directors | Current |
| St. John's University | BA In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| World Perspectives | Founder and President of the Money Farm | Current |
| World Perspectives | Senior Analyst | Current |
| Minneapolis Grain Exchange | Board of Directors | Current |
| Agri-Mark, Inc. | Co-Founder | Former |
| Cargill, Incorporated | Former |
| Organization | Position | Status |
|---|---|---|
| Alaron Highland Park | President and CEO | Current |
| Alaron Trading Corporation | President and CEO | Current |
| Alaronfx, Inc. | President and CEO | Current |
| Minneapolis Grain Exchange | Board of Directors | Current |
| Minneapolis Grain Exchange | Member | Current |
| University of Chicago Graduate School of Business | MBA | Former |
| Boston University | BA In International Relations | Former |
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