Anyone Trading BOT Ag Futures Electronically?

Discussion in 'Commodity Futures' started by AAAintheBeltway, Aug 5, 2006.

  1. Pabst

    Pabst


    I don't use IB but ZC IS the symbol for the ECBOT's electronic Corn contract. The contract size is 5,000 bushels thus the contract's notional value for December delivery (5000bu x 2.57 settlement in ZCZ6) is $12,850. Corn as well as Soybeans and Wheat trades in quarter pennies, at a "tick" value of $12.50.
     
    #21     Aug 7, 2006

  2. http://www.cbot.com/cbot/pub/cont_detail/0,3206,1213+14389,00.html


    Each contract is 5000 bushels. The minimum increment (tick) is .25 cents. Hence, for every tick the contract gains or loses $12.50.

    At current value of corn (240 cents/ bushel), each contract has a total value of about $12k (5000 bushels times $2.4 per bushel).

    Good Luck.:)
     
    #22     Aug 7, 2006
  3. Pabst

    Pabst


    Looks like I beat you to it by a minute. :)
     
    #23     Aug 7, 2006
  4. TGM

    TGM

    the big month for corn right now is NOT sept. but dec. Same is true for all other grain months. Skip Sept.


    Electronically, Dec is running good volume for Bean Meal and Wheat as well (Nov for beans).

    I would say Dec Bean Oil but IB has NOT added it!!

    KC Wheat is a great trading instrument (better than chicago). It trades on ECbot as well. However, I do not think IB will add it.
     
    #24     Aug 7, 2006
  5. Ex-CIS

    Ex-CIS

    ZC - Corn
    ZS - Soy Beans
    ZM - Soy Beanmeal
    ZL - Soy Beanoil
    ZW - Wheat
    ZR - Rough Rice
    ZO - Oats
    ZE - Ethanol

    Think everyone is focusing on the Energy products that just moved over to Globex this week. Will be interesting when those go side-by-side on Sep 5th.
     
    #25     Aug 7, 2006
  6. hcking

    hcking

    ethanol - the back month option of corn have record open interest - but corn usually has more volume than beans or wheat on day to day basis
     
    #26     Aug 8, 2006
  7. bpc75

    bpc75

    thoughts?
     
    #27     Aug 9, 2006
  8. ROA

    ROA

    If you are planning to trade ecbot ag futures be aware that larger limit orders will be placed ahead of smaller ones in the queue.In most markets it is first come,first served. I found this out today as my limit price in ZC repeatedly traded and my order was only half filled.
     
    #28     Aug 12, 2006
  9. I was also shocked to realize that the CBoT uses pro-rata matching for ALL of their products, except 2: (Mini)Dow and the 30y Bonds.
     
    #29     Aug 12, 2006
  10. I read about that a ways back but forgot about it.

    How about that DEC ZC. Trouble finding a bottom there...
     
    #30     Aug 12, 2006