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About: Sioux City Grain Exchange     Goto   Sponge   NotDistinct   Permalink

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The Sioux City Grain Exchange (SCGX) was a cash commodity market in Sioux City, Iowa that primarily traded corn, wheat, oat, and soybean. It was established in 1907 as the Sioux City Board of Trade, named the "fastest growing grain market in the world" in 1929, and among the largest exchanges in the world by the 1970s; transacting over 100 million bushels annually (valued at $1 billion as of 2018). It served the Corn Belt (primarily Iowa, Nebraska, South Dakota, and Minnesota) and primarily competed against the Chicago Mercantile Exchange, Minneapolis Grain Exchange and Kansas City Board of Trade. SCGX's rise and decline was driven by barge navigation of the Missouri River and mirrored the (Sioux City Stockyards), the largest in the world during the 1970s. Both were co-founded by Vermont