MGEX Apple Juice Concentrate Contract
Revision as of 07:52, 23 August 2012 by RyanLothian (talk | contribs)
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.[1]
Resources[edit]
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 |
Notes[edit]
References[edit]
- ↑ Apple Juice Concentrate. MGEX.
- ↑ Margin Requirements. MGEX.
- ↑ Fact Sheet. MGEX.
- ↑ Quotes & Charts. {{{org}}}.