CME says KW trades in 1/8th ticks for $6.25. But when I trade it at Schwab I am only given 1/4 cent quote options, such as 536.00, 536.25, 536.75. So, If I scalp a tick is it two-eights? If so, where does one see a one-eighths tick?
No 1/8th, only 1/4. 4 ticks (quarters) to 1 point. Interesting that the US is probably the only country that still deals in non-metric, quarters, pounds, ounces and so on. Takes a generation to change, it should start to change. The world for example says what the hell is a 16 oz drink! Having said that, weight in pounds is an excellent way to measure, very precise. As in 280 out of Notre Dame. Sound better than 127 KG out of Notre Dame!
It is probably because of the US farmers and US bonds/notes traders. they are used to 1/4th, 1/8th, 1/32, 1/32/8 ....
Had no idea that there were so many experts on wheat on ET. Here is the skinny - If you like bread and pizza - wheat is good.