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ZC ( corn ) question .....
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Created: by mdsvtr Attachments:4

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ZC ( corn ) question .....

  #1 (permalink)
Membership Temporarily Revoked
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ZC ( corn ) question .....

I have a question regarding a Corn trade / the Profit that it is showing

So I used a Futures profit/loss calculator , and I entered the entry price of 590.00 and the exit price of 500.00 ..... so a 90 point move

Well with corn trading at $5,000 per 1 point ,
multiplying this time 90 = $450,000
And $450,000 is the number that I got also, from the futures calculator

So my questions please are......

1. Is the $450,000 profit correct ?

2. I know that even with just a 1 point stop , that would be a $5,000 risk
so even the slightest pullback and it hits your stop.... you just lost $5,000 yikes

3. There's the mini corn contract ( XC ) , that trades at 1/5 that of ZC
Still allows for great profit potential , especially if you can time your entries , almost to the " T " while just risking $1,000 ( per 1 point ) vs $5,000 on the regular contract ( ZC )


Anyways,
just wanted to run by some of my questions, and make sure that I'm not seeing things incorrectly and that my math and calculations are correct lol

Thanks for any insight and help - Michael

Attached Thumbnails
ZC  ( corn  )  question .....-2015-05-23-zc-corn-profit-calculation-1.png   ZC  ( corn  )  question .....-2015-05-23-zc-corn-profit-calculation-2.png   ZC  ( corn  )  question .....-2015-05-23-corn-chart-weekly.png  
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  #3 (permalink)
Market Wizard
Boca Raton
 
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mdsvtr View Post
I have a question regarding a Corn trade / the Profit that it is showing

So I used a Futures profit/loss calculator , and I entered the entry price of 590.00 and the exit price of 500.00 ..... so a 90 point move

Well with corn trading at $5,000 per 1 point ,
multiplying this time 90 = $450,000
And $450,000 is the number that I got also, from the futures calculator

So my questions please are......

1. Is the $450,000 profit correct ?

2. I know that even with just a 1 point stop , that would be a $5,000 risk
so even the slightest pullback and it hits your stop.... you just lost $5,000 yikes

3. There's the mini corn contract ( XC ) , that trades at 1/5 that of ZC
Still allows for great profit potential , especially if you can time your entries , almost to the " T " while just risking $1,000 ( per 1 point ) vs $5,000 on the regular contract ( ZC )


Anyways,
just wanted to run by some of my questions, and make sure that I'm not seeing things incorrectly and that my math and calculations are correct lol

Thanks for any insight and help - Michael

Corn is trading at 5,000 a Bushel, NOT $5,000
The current price 3.60 2/8 not 500, July Basis last Fri closing.

A move of $1 from 3.60 to 4.60 would be 5,000 while a move of 1 point of 3.60 to 3.61 would be $50
Grains are traded at 8ths. So 3.60 2/8 is 3.60 1/4 per bushel.

Contact specs here: http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/corn_contract_specifications.html

Thanks,
Matt

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #4 (permalink)
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To add, corn is traded in dollars and cents per bushel and the minimum move (tick) is a quarter cent. A tick in corn is $12.50, with four ticks equaling one cent ($50). From there you can figure out how much a move of so many cents equals. A corn futures contract is 5,000 bushels. These same numbers apply to wheat, soybeans, and I believe oats too.

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  #5 (permalink)
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Matt,
Thank you for explaining my trade in question

I just researched and went back also , to re-work the numbers

I have attached a chart with the correct math / calculations written on it....... does this some more accurate vs my last calculation ?

Attached Thumbnails
ZC  ( corn  )  question .....-2015-05-24-12_44_19-commodities_-corn-_-investopedia-internet-explorer.png  
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  #6 (permalink)
Market Wizard
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Posts: 2,059 since Sep 2010
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mdsvtr View Post
Matt,
Thank you for explaining my trade in question

I just researched and went back also , to re-work the numbers

I have attached a chart with the correct math / calculations written on it....... does this some more accurate vs my last calculation ?

Seems accurate. Now make sure you that you follow the last trading day notices, because it is a deliverable contact, and not cash settled.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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