Hi, I am a beginner with soybean futures and would like to know how dollar values work for soybean oil and meal. If I buy ZS (Soybeans) at 886.00 and sell it at 887.00 I will make $50 How about ZL (Soybean Oil) buy 28.00, sell 29.00 and ZM (Soybean Meal) buy 330.00, sell 331.00? Thanks
You can do the research yourself at the CME website, if that is the exchange you are trading them on. https://www.cmegroup.com/trading/agricultural/#grainsAndOilseeds In case you are not good at maths, on ZL, one point would get you $600, and one point on ZM would get you $100.
*sighs* Kill you. I am no longer allowed to talk about fast-food pizza on the forum, it gets me into trouble, and you KNOW this. I guess that is why I love you.
Ok, so this should be the formula for the crush spread notional value in dollars: https://it.tradingview.com/symbols/spread/CBOT:ZMZ2018*100+CBOT:ZLZ2018*600-CBOT:ZSX2018*50/
Also, I'd like to know if this is the correct notional value for the aussie gold spread (long 2 aussie futures short one gold future): https://it.tradingview.com/symbols/spread/CME:A6Z2018*2*100000-COMEX:GCZ2018*100/ ($24600 as of now) When it comes to future spread it's easier for mw to think in terms of notional value rather then tick value. thanks