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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. This activity comes ahead of the next AJC webinar taking place on February 28.
Total volume was reported at 112 contracts traded. Of that, futures contracts accounted for 22 contracts traded while options contracts accounted for 90 contracts traded. The first action in the AJC options market occurred on February 20th with 20 contracts traded. Open interest for AJC is 138 contracts: 28 futures and 110 options. This is the highest AJC open interest has been since the contract launched in August of 2012.
“We are excited to see increased activity in the AJC market both in futures and options,” stated Mark G. Bagan, President & CEO, MGEX. “Looking forward, I am eager to see this contract continue to grow.”
The upcoming webinar on Thursday, February 28 at 2:00 p.m. central time will focus on Exchange for Physicals (EFPs). Kevin Barley, Senior Vice President of Morgan Stanley Wealth Management and past chairman of the Juice Products Association Futures Committee will present the webinar. To register for the webinar please visit www.mgex.com.
