Quote from EeG:
nazzdack, I have read cbot page already. I know how much is one tick in $, but I can't figure out how much is one tick in futures value. May be someone can explain. For example, CORN December OPEN price was 353,4 ; Close price 358. So how much ticks there are?
Nooby questions, but all life I have traded stocks.Thanks and good luck in trading.
353,4 is equal to 353 4/8. Therefore open to close is 18 ticks. Or 18 x $12.50 in cash. Hope this will help.