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Properties of Grain Futures Contracts Finance Articles | August 17, 2010
Four different grains are traded on the futures exchanges of the United States (I'm pretty sure that some foreign exchanges offer rice futures): corn, wheat, soybeans and oats.All four have the same c...

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All four have the same contract size of 5,000 bushels. The penny price of one contract (or the multiplier) is therefore $50. (That's .01 times 5,000.)

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Because the denominator is always eight Cheap Andrew Luck Jersey , there's no reason to show it in price quotes. Therefore, if December corn is $4.25 and 28, you'd see it displayed as 425'2. The two is the fraction. That is written with an apostrophe in front of it, sometimes by a hyphen.

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