The modern grainexchange is much more than a mere roulette wheel for the speculator.
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A grainexchange, then, is the market-place where grain dealers meet to secure information and maintain regulations for the prompt performance of contracts.
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Rival Intercontinental Exchange was also open, but its volume was far smaller than that of the world's largest grainexchange, owned by the CME Group.
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The NZX has claimed that the grainexchange, which it bought for $6.4 million, failed to deliver on expectations.
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Trouble was brewing on the Winnipeg GrainExchange-hadbeen for some time.
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Over at the GrainExchange some men were talking seriously.
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But what about the seat on the GrainExchange?
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NZX is taking legal action over its purchase of the Australian Clear GrainExchange business two years ago.
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For the amendments to the GrainExchange charter would not materialize till the Legislature met again next year.
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If the producer was getting full value for his wheat why should the GrainExchange be interfered with?
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News of the acquisition sparked speculation that the Minneapolis GrainExchange could now be in line for a bid.
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A fight was on between the elevator interests and the commission merchants of the Winnipeg GrainExchange- afightfor existence.
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At a meeting of the GrainExchange, held a few days ago, the Commission Rule was suspended for a year.
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Recent rains in Argentina have helped corn and soybean development during summer heat, the Buenos Aires grainsexchange said on Thursday.
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CME Group also has a strategic partnership with the Minneapolis GrainExchange which has a U.S. hard red spring wheat contract.
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This, the Exchange claimed, was a violation of the strict rules of the GrainExchange and would have to be abandoned.