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The Minneapolis Chamber of Commerce, established in 1881, played a crucial role in facilitating the trading of grain in the region. It worked to secure favorable prices for farmers by addressing the unique challenges posed by simultaneous harvests. In 1883, the Chamber introduced the first futures contract for hard red spring wheat. Recognizing the evolving nature of its activities, the organization underwent a name change in 1947 and became known as the Minneapolis Grain Exchange, reflecting its focus on grain trading rather than broader business and social advocacy.
