hi, i am new to the investing scene. i am looking at orange juice futures and i noticed they have moved from 96 to 95.6 in the last two days. is this a change of a forth of a cent, four cents, or something else? i am thinking that a contract size of 15,000 would change $600 if my forth of a cent theory holds. thanks.
1) It's a $60 fluctuation per contract. 2) 15,000 pounds times 0.4 cents per pound equals 6000 cents equals 60 dollars.