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Search: Posts Made By: furytrader
Forum: Commodities July 14th, 2015, 09:33 AM
Replies: 6
Views: 1,901
Posted By furytrader
The "notional" value of the contract would be...

The "notional" value of the contract would be 448.75 cents per bushel x 5000 bushels = $22,437.50.

448 is CENTS per bushel = $4.48 dollars per bushel
Forum: Commodities July 14th, 2015, 07:59 AM
Replies: 6
Views: 1,901
Posted By furytrader
Which corn contract are you referencing? ...

Which corn contract are you referencing?

For the Chicago Board of Trade's corn contract, the specs are:

Priced in terms of cents per bushel
Futures are priced in 1/8s of a cent

1 contract...
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