Corn quote

Can anyone answer a very basic question....

If the May 08 Corn ZC is quoted at 551 and moves up to 552, what is the value change in the contract. Thanks for any help.

 

Thats up 1 cent, or 4 ticks... equal to $50 per contract


http://www.cbot.com/cbot/pub/cont_detail/1,3206,1213+14389,00.html

5yr

 

And mini contract is $10.00.

 

Got it, thank you. So if I understand correctly... 551 = $5.51 per bushel and 552 = $5.52 per bushel?

 

yes that is right... its quoted in 1/8 of a cent and trades in 1/4 cent increments