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. | |||
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> | |||
{{Contract | {{Contract | ||
|exch = MGEX | |exch = MGEX | ||
Line 35: | Line 27: | ||
|ooLimit = 1.00 per gallon expandable to $1.50 | |ooLimit = 1.00 per gallon expandable to $1.50 | ||
|ooSym = AJC | |ooSym = AJC | ||
}} | |||
==John Lothian News Interview== | |||
| | {{#ev:vimeo|48079082|425}} | ||
| | '''Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract'''<br /> | ||
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> | |||
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== 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
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]
- ↑ Apple Juice Concentrate. MGEX.
- ↑ MGEX Website. Minneapolis Grain Exchange.
- ↑ Layne Carlson Tells the Story Behind MGEX’s Apple Juice Contract. John Lothian News.
- ↑ Margin Requirements. MGEX.
- ↑ Fact Sheet. MGEX.
- ↑ Quotes & Charts. MGEX.