M mwald Mar 31, 2008 #1 Can anyone answer a very basic question.... If the May 08 Corn ZC is quoted at 551 and moves up to 552, what is the value change in the contract. Thanks for any help.
Can anyone answer a very basic question.... If the May 08 Corn ZC is quoted at 551 and moves up to 552, what is the value change in the contract. Thanks for any help.
5 5yrtrader Mar 31, 2008 #2 Thats up 1 cent, or 4 ticks... equal to $50 per contract http://www.cbot.com/cbot/pub/cont_detail/1,3206,1213+14389,00.html 5yr
Thats up 1 cent, or 4 ticks... equal to $50 per contract http://www.cbot.com/cbot/pub/cont_detail/1,3206,1213+14389,00.html 5yr
M mwald Mar 31, 2008 #4 Got it, thank you. So if I understand correctly... 551 = $5.51 per bushel and 552 = $5.52 per bushel?
Got it, thank you. So if I understand correctly... 551 = $5.51 per bushel and 552 = $5.52 per bushel?
5 5yrtrader Mar 31, 2008 #5 yes that is right... its quoted in 1/8 of a cent and trades in 1/4 cent increments
