Corn , Wheat and Soybean correct reading of PnL ......

[md2324]

Just need someone to confirm my interpretation of calculating out the actual PnL ( Price changes ) in the forementioned Grains

I have attached a screenshot , showing the Price changes on the various " Months "

Which of the following , are the correct ways in calculating these " Moves " in price.....

0 4/8 = .005 OR .05

1 2/8 = .0125 OR .125

0 6/8 = .0075 OR .075

1 = .001 OR .01

18 4/8 = .01850 OR .1850

193 2/8 = 1.9325 OR 19.325

Just wanting to make sure that I know what I'm looking at and how to interpret the moves and fluctuations in the Grains

Thanks much - Michael

 

[shazam75]

Michael
Grains are quoted in cents per bushel. So 193 will be $1.93. Min. price fluctuations is .25cents (quarter of a cent) at $12.50 per contract. A 20 cent move is $1000. (20 / .25 x 12.50 =$1000), therefore a 1 cent move is (1 / .25 ) x 12.50 = $50.

Cheers
Shelton