MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), issues a reminder that the new Apple Juice Concentrate (AJC) futures and options contract will launch tomorrow morning at 7:00 a.m. Central Time (CT).
The contract will provide transparency to the price discovery process and a risk mitigation tool for all AJC market participants. Trading hours will be 7:00 a.m. to 1:10 p.m. (CT), Monday through Friday on the CME Globex® trading platform. November 2012 will be the first AJC contract month available for trade.
The United States Department of Agriculture (USDA) is actively involved in the AJC market, reporting weekly AJC cash market prices and taking part in the sampling and testing of AJC product. The AJC Manual, which outlines the MGEX AJC delivery process including regulations and delivery procedures, is available at www.mgex.com.
“MGEX is pleased to be able to offer this new risk management product for the AJC industry.”said Georgette McDonald, Director, Business Services and Product Development, MGEX.The following table highlights key symbols for Globex®:
| Apple Juice Concentrate Futures and Options | |||
| Product |
tag 1151- Security Group |
tag 55-Symbol (Outrights)
|
tag 55-Symbol (UDS)
|
| Apple Juice Concentrate Futures | AJC | AJ | - |
| Options on Apple Juice Concentrate Futures | AJC | A0(zero) | A1 |
Additional AJC information including AJC contract details can be found at www.mgex.com/ajc/.
