Price change ( PnL ) for Wheat, Soybeans and Corn ....

[md2324]

I was looking over CNBC.com website, looking at the quotes for the Futures , and saw that they list the PnL of the Grains in a different way, then other websites I have seen ( I have attached a screenshot )

If I am breaking it down correctly,
for Soybeans for instance .....

it showed 970.75 as it's current price ( earlier this morning )
a PnL of -7.50
and a percent change 0f -0.77%

So I converted 970.75 to .... 9.7075 ( moved the decimal two places to the left )

Then I converted the 7.50 to ..... .0750 ( by also moving the decimal two places to the left )

For a loss in Soybeans of -$375

Just want to make sure that I am converting this way of the price change ( -7.50 ) correctly

And lastly please, using the above example .....
can 7.50 also be written as ..... 7'4 and 7 4/8 ?

I only ask, because I see that certain websites write the price changes for the Grains, different from one another

I have attached a screenshot, showing the PnL for the three Grains

Thanks for the help ,
I really appreciate it

 

[EPrado]

I was looking over CNBC.com website, looking at the quotes for the Futures , and saw that they list the PnL of the Grains in a different way, then other websites I have seen ( I have attached a screenshot )

If I am breaking it down correctly,
for Soybeans for instance .....

it showed 970.75 as it's current price ( earlier this morning )
a PnL of -7.50
and a percent change 0f -0.77%

So I converted 970.75 to .... 9.7075 ( moved the decimal two places to the left )

Then I converted the 7.50 to ..... .0750 ( by also moving the decimal two places to the left )

For a loss in Soybeans of -$375

Just want to make sure that I am converting this way of the price change ( -7.50 ) correctly

And lastly please, using the above example .....
can 7.50 also be written as ..... 7'4 and 7 4/8 ?

I only ask, because I see that certain websites write the price changes for the Grains, different from one another

I have attached a screenshot, showing the PnL for the three Grains

Thanks for the help ,
I really appreciate it

Everything you stated above is correct. Like you said, some sites show grain prices a bit different.

970.75 is the same as 9.7075 or 9.70 3/4

Each 1 cent move or 1.00 move is $50 in the futures market.

A lot of charting software/execution platforms do show the change as:

-7'4 which is 7.50 cents. The price changes move in quarter cent increments:

7'0
7'2
7'4
7'6
8'0

 

[md2324]

Hi EPrado ,
Thanks for your reply .... much appreciate it

Just wanted to ask/run by one quick thing please, and that is..... to make sure that I am calculating out the correct PnL from the forementioned price changes on the Grains

Wheat = -0.50 which is a loss of .005 cents ( -$25 ) ? And can also be written as 0'5 ?

Soybean = -2.50 which is a loss of .025 cents ( -$125 ) ? And can also be written as 2'4 ?

Corn = -0.75 which is a loss of .0075 cents ( -$375 ) ? And can also be written as 0'75 or is it just 0'75 or 0'6 ( since '6 = .75 in decimal format ) ?

Again, Thank you for taking your time in helping me
I really appreciate it - Michael

 

[EPrado]

You're welcome.

Wheat= -.50 is a loss of a half cent is or -$25. Written as -0'4

So if the market closed at 9.75 yesterday and is down a half cent today then you could write it as 9.745. Personally I haven't seen it quoted like that, but doesn't mean you can't. (Most places would quote it as 974.50 or 974'4.

Soybeans= -2.50 is a loss of 2 and a half cents or $-125. Written as -2'4

Corn = -.75 is a loss of three quarters of a cent or -$37.50 (Trades in 1/4 cents. Each 1/4 cent =12.50). Written as -0'6

each 1/4 cent is '2 so:

It goes '2......... '4 ............ '6 ................. 1'0

974'2................. 974'4.................. 974'6.................. 975'0

 

[md2324]

EPrado ,
Thank you again

Great explanation
I think I finally have grasped the way in which the Grains are quoted

I really appreciate your help