MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced total Exchange open interest has grown 28 percent from last month. Open interest of its flagship Hard Red Spring Wheat (HRSW) contract is currently 42,689; of that total, HRSW futures open interest is 39,085 with open interest of 3,604 for HRSW options.
July 2012 futures and options trading volume for the HRSW contract reached 101,600 contracts traded. Total futures contracts traded in the month of July came in at 99,762. HRSW options volume totaled 1,838 contracts traded.
Complete volume and open interest information is available at www.mgex.com.
On August 13, 2012, MGEX will launch its Apple Juice Concentrate (AJC) futures and options contract. This contract will provide transparency to the price discovery process and provide a tool to decrease risk for all AJC market participants. Trading hours will be 7:00 a.m. - 1:10 p.m. (CT), Monday through Friday on the CME Globex® trading platform, with the first contract month available for trade being November 2012. The United States Department of Agriculture (USDA) has taken active involvement in AJC, reporting weekly cash market prices and taking part in the sampling and testing of AJC. The AJC Manual, which outlines the MGEX AJC delivery process including regulations and delivery procedures, is now available. Full AJC contract details can be found at www.mgex.com/ajc/.