Hi All If I put on a trade for the mini corn for example. Is the price of the mini corn say $400, or one tenth of this - $40? The thing I am getting confused with is that I know that a 1 cent move on a mini grain is worth $10, but if the price moves up from $400 to $400.50c, I will be down $500 if I go short? Is this correct ? Or does the price have to move up from $40.00 to $45.00 ($400 to $450 in the major) for me to incur a $500 loss? Thanks!
http://www.cbot.com/cbot/pub/cont_detail/1,3206,1381+14399,00.html Tick Size 1/8 cent/bushel ($1.25 per contract). Price Quote Cent/bu (1,000 bu)
WTF- is this ishopatpublix again? http://www.elitetrader.com/vb/showthread.php?s=&threadid=141956&highlight=corn