futures help (reading quotes)

[ljworstrb]

hi, i am new to the investing scene.

i am looking at orange juice futures and i noticed they have moved from 96 to 95.6 in the last two days.

is this a change of a forth of a cent, four cents, or something else?

i am thinking that a contract size of 15,000 would change $600 if my forth of a cent theory holds.

thanks.

 

[nazzdack]

1) It's a $60 fluctuation per contract.
2) 15,000 pounds times 0.4 cents per pound equals 6000 cents equals 60 dollars.