I cant find an exchange that trades rice (and before you answer- CBOT rice is dead). How the rice market works without futures?
Dalian Commodity Exchange, China, Zhengzhou Commodity Exchange, China and definitely CBOT I think very few traders / farmers trade rice futures. anyway foreigners cannot trade those rice futures from China exchanges
It's still traded on CME. It's rough rice futures. https://www.cmegroup.com/markets/agriculture/grains/rough-rice.html
an illiquid futures market OP wants to trade exists. not many of those left, sounds like fun and a good way to make money if you're any good
I trade the rough rice futures on the CME Globex (ZR). https://www.cmegroup.com/markets/agriculture/grains/rough-rice.html Volume is hundreds of contracts per day. Spreads are relatively narrow. I'm currently seeing a spread of 0.005 but it's not normally that narrow. My average spread is 0.0084.
that volume is extremely pathetic. ES daily volume is > 1000 000 time for the exchange to close the rice futures.
You are not allowed to trade there because you are a foreigner. It's time to change your genes or eat more rice and make everybody here eat more rice.
Don't trade anything illiquid in futures. If it's not 5 digits (or more) volume run away! For example, look at the latest Cboe Ameribor futures.... Early days yet, but seems to be a big waste of time and effort! https://ir.cboe.com/news-and-events...t-ameriborr-term-30-futures-september-13-2021