Not a lot of volume in these things but they trade.
There's volume in some of those but obviously not as much in the main contracts. The mini and micro contracts are an attempt by the exchanges to make the future "more tradeable" especially for smaller accounts. Although there's less volume sometimes it will make sense to use mini / micro contracts, especially if you're just starting out. It allows you to have real money on the line without risking too much. That said, you have to consider that lower volume contracts will be harder to get into and out of, and things like spread and slippage can have real affects on the bottom line.
The following user says Thank You to empty for this post:
Yeah, I looked it up a few days ago, and read where back in 2011 Pork Bellies were removed form the exchange
What about trading Rough Rice, Canola, Butter , Milk and Cheese .... Any idea of any brokerages that trade these ( I'm on TorS ), and I believe that Milk and Rough Rice are on there , but I can never get a chart to load for either of them ..... lack of Volume / liquidity perhaps ?
I know it's a free country, but why are you so interested in these obscure, low-volume markets? I can tell you this--no profitable trader on this site (or anywhere in the world) gives a damn about the margin or deliver months for dairy milk. That's probably why you can't find the chart for it. I imagine the market for that and similar instruments is made up exclusively of hedgers and producers, not speculators. I doubt there are any stories that start out "After I made my first million in cheese futures..."
I mean if you're just curious, hey, that's cool. Not trying to be a hater here. But I would focus on a liquid market, and developing an edge to trade that market.
Where in Memphis you at?
Someday, and that day may never come, I'll call upon you to do a service for me.
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I beg to differ. You need to talk to @ron99 . Former dairy farmer turn milk speculator guru. He crushed it in milk futures last year. And he is a genuinely nice guy to boot (he and I had lunch at a Bob Evans in Ohio last summer).
If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Rough Rice trades a few hundred contracts a day on CBOT.
Winnipeg Canola is pretty active contract.
There are not a lot of daily speculative activities by retail investors in these markets, on the longer term there is some speculative money in those markets. Majority of the volume is traded by the ABCD commodity type companies (ADM, Bungee, Cargill, Dreyfus) to hedge positions.
Same goes for other commodities like Oats.
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