Corn quote

Discussion in 'Ag Futures' started by mwald, Mar 31, 2008.

  1. mwald

    mwald

    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.
     
  2. And mini contract is $10.00.
     
  3. mwald

    mwald

    Got it, thank you. So if I understand correctly... 551 = $5.51 per bushel and 552 = $5.52 per bushel?
     
  4. yes that is right... its quoted in 1/8 of a cent and trades in 1/4 cent increments