MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), is planning to modify its Apple Juice Concentrate (AJC) futures and options contract specifications, pending review from the Commodity Futures Trading Commission (CFTC).
The modification will increase the product’s malic acid range from 1.0-2.2 percent to 1.0-3.5 percent. This increased range is more representative of what is currently trading in the U.S.cash market and also aligns with what is normally produced in Europe. Pending CFTC review,the change will be effective for the March 2015 futures contract month and all subsequent contract months. Consequently, any trade executed for the March 2015 contract and each subsequent contract month is subject to the proposed contract specification change. MGEX launched its AJC contract back in August of 2012.
Information on MGEX products, services and history can be found on the Exchange’s website at www.mgex.com.