MGEX, a Designated Contract Market (DCM) and Derivatives ClearingOrganization (DCO), today announced the posting of the AJC Stocks Report which lists the total stock of Apple Juice Concentrate (AJC) stored in MGEX approved “Regular” warehouses.
Regular warehouses are required to report their inventory of total AJC stock to MGEX each week which ensures timely and accurate information is available to the public. The AJC Stocks Report includes the total amount of available AJC stock in gallons. Every Tuesday (Wednesday if Tuesday is a MGEX holiday), MGEX will publish the AJC Stocks Report on its website. To view the current report, visit the MGEX website at www.mgex.com/reports.html.
The AJC contract, which launches on August 13, 2012, is a physically settled contract, and in order to maintain the integrity of the delivery system, accurate stock reporting by the Regular warehouses is essential. In the event of physical delivery, the proper AJC stock information must be available. A list of Regular warehouses, along with a variety of information on the AJC contract may be found at http://www.mgex.com/ajc/.
“In order to ensure the most up-to-date data is available to the public, it is crucial that MGEX’sstrict deadlines are met by the Regular warehouses. We understand accurate and current information is critical for market participants using the AJC futures and options as a riskmanagement tool,” said Eric J. Delain, Corporate Counsel, MGEX.