Difference between revisions of "MGEX Apple Juice Concentrate Contract"

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[[MGEX]] launched apple juice concentrate on August 13, 2012.  Besides this contract, [[MGEX]] also trades [[Hard Red Spring Wheat]] futures and options.


The [[MGEX]] launched apple juice concentrate on August 13, 2012. Besides this contract, [[MGEX]] also trades [[Hard Red Spring Wheat]] futures and options.
Previously, the apple juice industry used forward contracts to manage price risk rather than futures contracts. While apple juice concentrate is produced in the United States, the vast majority consumed in the U.S. is from China, South America and Europe. Worldwide, the apple juice concentrate industry totals $3.2 billion in value annually.<ref>{{cite web|url=http://www.mgex.com/ajc|name=Apple Juice Concentrate|org=MGEX|date=August 22, 2012}}</ref>


Previously, the apple juice industry used forward contracts to manage price risk rather than futures contracts.  While apple juice concentrate is produced in the United States, the vast majority consumed in the U.S. is from China, South America and Europe.  Worldwide, the apple juice concentrate industry totals $3.2 billion in value annually.<ref>{{cite web|url=http://www.mgex.com/ajc|name=Apple Juice Concentrate|org=MGEX|date=August 22, 2012}}</ref>
The AJC industry has grown at a rate of about 6 percent per year as worldwide demand increases for more natural methods of sweetening processed foods.<ref>{{cite web|url=http://www.mgex.com/ajc/|name=MGEX Website|org=Minneapolis Grain Exchange|}}</ref>
 
== Resources==
 
*MGEX Margin Requirements<ref>{{cite web|url=http://www.mgex.com/margin_requirements.html|name=Margin Requirements|org=MGEX|date=August 22, 2012}}</ref>
*Fact Sheet<ref>{{cite web|url=http://www.mgex.com/ajc/documents/AJCfactsheet_PostLaunch.pdf|name=Fact Sheet|org=MGEX|date=August 22, 2012}}</ref>
*Quotes & Charts<ref>{{cite web|url=http://www.mgex.com/data_charts_ajc_only.html|name=Quotes & Charts|date=August 22, 2012}}</ref>
 
<!-- Fill in values in between the = and | symbols for the parameters below. -->
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{{Contract
{{Contract
|exch    =  MGEX
|exch    =  MGEX
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|ooLimit  =  1.00 per gallon expandable to $1.50
|ooLimit  =  1.00 per gallon expandable to $1.50
|ooSym    =  AJC
|ooSym    =  AJC
}}


<!-- The following section is for option data -- leave blank if options are not relevant -->
==John Lothian News Interview==
|oed      =  <!-- Rules for determining Option Expiration Day -->
{{#ev:vimeo|48079082|425}}
|options  =  <!-- Any value if option data is being provided -->
'''Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract'''<br />
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
The [[Minneapolis Grain Exchange]], now known as MGEX, launched [[MGEX Apple Juice Concentrate Contract|Apple Juice Concentrate]] (AJC) futures and options on August 13, 2012. We asked [[Layne Carlson]], corporate secretary and treasurer of the exchange, for the story behind the new Apple Juice contract. Interview by JLN publisher [[John Lothian]]. Published August 23, 2012. '''[http://www.marketswiki.tv/2012/08/23/mgex-apple-juice-contract/ Watch at JohnLothianNews.com]'''<ref>{{cite web|url=http://www.marketswiki.tv/2012/08/23/mgex-apple-juice-contract/|name=Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract|org=John Lothian News|date=August 23, 2012}}</ref>
|opMonths  =  <!-- List of option months -->
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval  =  <!-- dollar (or other currency) value of one market point -->
|opTickPt  =  <!-- option tick size in points -->
|opTickVal =  <!-- option tick size in currency -->
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
|opElect  =  <!-- Any value if electronic trading is used -->
|opEHours  =  <!-- trading hours for electronic platform; leave blank if none -->
|opELimit  = <!-- Daily price limit for electronic platform; leave blank if none -->
|opESym    =  <!-- Ticker symbol for electronic session -->
|opOutcry  = <!-- Any value if open outcry is used -->
|opOHours  = <!-- trading hours for open outcry session; leave blank if none -->
|opOLimit  = <!-- Daily price limit for open outcry session; leave blank if none -->
|opOSym    =  <!-- Ticker symbol for open outcry session -->
|opStrike  =  <!-- Strike price interval description -->
}}
== Notes ==


== Resources==
*[http://www.mgex.com/margin_requirements.html MGEX Margin Requirements]<ref>{{cite web|url=http://www.mgex.com/margin_requirements.html|name=Margin Requirements|org=MGEX|date=August 22, 2012}}</ref>
*[http://www.mgex.com/ajc/documents/AJCfactsheet_PostLaunch.pdf Fact Sheet]<ref>{{cite web|url=http://www.mgex.com/ajc/documents/AJCfactsheet_PostLaunch.pdf|name=Fact Sheet|org=MGEX|date=August 22, 2012}}</ref>
*[http://www.mgex.com/data_charts_ajc_only.html Quotes & Charts]<ref>{{cite web|url=http://www.mgex.com/data_charts_ajc_only.html|name=Quotes & Charts|org=MGEX|date=August 22, 2012}}</ref>


== References ==
== References ==

Latest revision as of 22:35, 10 January 2022


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MGEX launched apple juice concentrate on August 13, 2012. Besides this contract, MGEX also trades Hard Red Spring Wheat futures and options.

Previously, the apple juice industry used forward contracts to manage price risk rather than futures contracts. While apple juice concentrate is produced in the United States, the vast majority consumed in the U.S. is from China, South America and Europe. Worldwide, the apple juice concentrate industry totals $3.2 billion in value annually.[1]

The AJC industry has grown at a rate of about 6 percent per year as worldwide demand increases for more natural methods of sweetening processed foods.[2]


APPLE JUICE CONCENTRATE futures
Exchange MGEX
Settlement Physically delivered
Contract Size 1,800 gallons
Pricing Unit $4.50 per contract
Tick Value $4.50 per contract
Contract Months Jan, Mar, May, Jul, Sep, Nov
First Notice Date The last business day of the month preceding the delivery month
Last Trading Day The business day preceding the fifteenth calendar day of that contract month
  Open Outcry Electronic
Trading Hours 7:00 a.m. - 1:10 p.m. 7:00 a.m. - 1:10 p.m.
Ticker Symbol AJC AJC
Price Limits 1.00 per gallon expandable to $1.50 $1.00 per gallon expandable to $1.50


John Lothian News Interview[edit]

Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract
The Minneapolis Grain Exchange, now known as MGEX, launched Apple Juice Concentrate (AJC) futures and options on August 13, 2012. We asked Layne Carlson, corporate secretary and treasurer of the exchange, for the story behind the new Apple Juice contract. Interview by JLN publisher John Lothian. Published August 23, 2012. Watch at JohnLothianNews.com[3]

Resources[edit]

References[edit]

  1. ↑ Apple Juice Concentrate. MGEX.
  2. ↑ MGEX Website. Minneapolis Grain Exchange.
  3. ↑ Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract. John Lothian News.
  4. ↑ Margin Requirements. MGEX.
  5. ↑ Fact Sheet. MGEX.
  6. ↑ Quotes & Charts. MGEX.
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