MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announces record daily Apple Juice Concentrate (AJC) volume for yesterday’s trading session. Open interest for the AJC contract has also reached a record.
Total volume was reported at 137 contracts traded. Of that, futures contracts accounted for 17 contracts traded while options contracts accounted for 120 contracts traded. Open interest for AJC is 349 contracts: 54 futures and 295 options. This is the highest AJC open interest has been since the contract launched in August of 2012.
“The AJC futures market continues to gain traction with the industry as a method for pricing their purchases and sales as well as a risk management tool,” said James D. Facente, Director of Business Development, MGEX. “The options market has added liquidity and provided more flexibility in hedging and speculative strategies.”
More information on MGEX volume and open interest can be found at www.mgex.com.
