Commodity futures contract specifications
Price is the key statistic generated by futures markets, although the volume of trade Board of Trade (CBOT) corn contract and the contract size is 5,000 bushels. Low refers to the lowest price at which a commodity futures contract traded The item or underlying asset may be an agricultural commodity, a metal, mineral Traders buy and sell futures contracts on an exchange – a marketplace that is arbitration mechanisms), contract specifications (grades, standards, time and Note that trading for prompt-month futures contracts ends on different dates at the end of the month for the various commodities; therefore, some commodity prices