CME Feed Cattle Futures: contract size = 50,000 pounds. Pricing units: cents per pound.
Contract months: Jan, Mar, Apr, May, Aug, Sep, Oct, Nov.
Cocoa Futures (Liffe exchange; part of the NYX): units of 10 tonnes. Pricing units: £ per tonne.
Contract months: March. May, July, September, December.
A tonne here means a metric tonne of 1000 kilograms. (as opposed to short tons and long tonnes).
Apart from the quantitative side, there is some jargon needed to understand the trading and settlement procedures surrounding cocoa: firstly what is cocoa? It refers to cocoa beans, which are whole seeds of the cocoa tree. A bean cluster refers to two or more beans joined together unable to be split by reasonable hand pressure.
Contract months: Jan, Mar, Apr, May, Aug, Sep, Oct, Nov.
Cocoa Futures (Liffe exchange; part of the NYX): units of 10 tonnes. Pricing units: £ per tonne.
Contract months: March. May, July, September, December.
A tonne here means a metric tonne of 1000 kilograms. (as opposed to short tons and long tonnes).
Apart from the quantitative side, there is some jargon needed to understand the trading and settlement procedures surrounding cocoa: firstly what is cocoa? It refers to cocoa beans, which are whole seeds of the cocoa tree. A bean cluster refers to two or more beans joined together unable to be split by reasonable hand pressure.
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