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Specializing in the hard-red winter wheat contract, it was located at 4800 Main Street in Kansas City, Missouri. On October 17, 2012, CME Group announced it would acquire the exchange for $126 million in cash. [ 1 ]
MGEX has been the principal market for Hard Red Spring Wheat (HRSW) since 1881, offering futures and options contracts based on its unique commodity. HRSW is one of the highest-protein wheats. It is found in bagels, pizzas, high-quality breads and cereals, and some noodles and cookies.
In the North American plains, the wheat production axis that extends over a length of 1,500 miles (2,400 km) in a north–south direction from central Alberta to central Texas is known as the Wheat Belt. Hard red winter wheat is grown in the Central U.S. states of Kansas, Nebraska, Colorado, Oklahoma, Missouri, Iowa, Illinois, and Texas and ...
Hard wheat has a higher protein content for strong gluten bonds, ideal for making pasta and bread basket goodies. Soft wheat has a lower protein content that turns out light and tender baked goods ...
In the United States, about 40% of the total wheat production is of a strain known as hard red winter wheat, with soft red winter wheat contributing another 15% of the annual wheat crop. There are also winter varieties of white wheat. [4] Soft red winter wheat is also grown in the Canadian province of Ontario, along with white winter wheat. [5]
It is a hard, bread wheat with straws 0.9 to 1.5 metres tall. [2] From the mid-1800s until the early 1900s, Red Fife was the dominant variety of wheat grown in Canada and the northern United States, prized for its hardiness, rust resistance, yield, and milling and baking qualities. [3]
A map of worldwide wheat production in 2000 Wheat is one of the most widely produced primary crops in the world. The following international wheat production statistics come from the Food and Agriculture Organization figures from FAOSTAT database, older from International Grains Council figures from the report "Grain Market Report".
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