This document provides information about commodity exchange markets and contract specifications for selected agricultural commodities. It defines deliverable and cash-settled commodities, with deliverable commodities requiring physical delivery of the commodity and cash-settled being financially settled. The document also includes a table that lists contract specifications such as contract size, trading hours, and minimum price fluctuations for various agricultural commodities traded on exchanges like the Chicago Board of Trade, Chicago Mercantile Exchange, and others. Commodities listed include grains, oilseeds, livestock, and dairy.
http://profitabletradingtips.com/trading-investing/trading-agricultural-commodities
Trading Agricultural Commodities
Pork bellies, live cattle, Durham wheat, weather forecasts from Brazil, price supports for exports to Asia. Welcome to the world of trading agricultural commodities. Trading agricultural commodities takes place under two general categories, agricultural (grains, and food and fiber) and livestock and meat. Agricultural commodities are traded in the commodities futures markets. Here is a sample of agricultural commodities and where they are traded:
Grains, Food and Fiber
Commodity
Primary Exchange
Minimum Quantity
Symbol
Corn CBOT 5000 bu C/ZC (Electronic)
Corn EURONEXT 50 tons EMA
Oats CBOT 5000 bu O/ZO (Electronic)
Rough Rice CBOT 2000 cwt RR
Soybeans CBOT 5000 bu S/ZS (Electronic)
Rapeseed EURONEXT 50 tons ECO
Soybean Meal CBOT 100 short tons SM/ZM (Electronic)
Soybean Oil CBOT 60,000 lb BO/ZB (Electronic)
Wheat CBOT 5000 bu W/ZW (Electronic)
Milk Chicago Mercantile Exchange 200,000 lbs DC
Cocoa ICE 10 tons CC
Coffee C ICE 37,500 lb KC
Cotton No.2 ICE 50,000 lb CT
Sugar No.11 ICE 112,000 lb SB
Livestock and Meat
Lean Hogs Chicago Mercantile Exchange 40,000 lb (20 tons) LH
Frozen Pork Bellies Chicago Mercantile Exchange 40,000 lb (20 tons) PB
Live Cattle Chicago Mercantile Exchange 40,000 lb (20 tons) LC
Feeder Cattle Chicago Mercantile Exchange 50,000 lb (25 tons) FC
Weather in the Ukraine, Brazil, and the North American Great Plains
It is often quite possible to profit from the news in day trading agricultural commodities. Traders often wait for agricultural reports in order to understand where fundamentals of supply and demand are going. Although food is consumed locally it may have been produced anywhere in the world. Certainly prices across the globe reflect the ability to transport agricultural products virtually anywhere, if the price is right. The final price of a commodity depends upon supply and demand. If a drought threatens wheat production in the Ukraine or unusually heavy rains threaten to destroy much of Brazil’s soybean harvest, prices are bound to go up. In trading agricultural commodities, keeping an eye on the weather forecasts is part of the job. Likewise, if American consumption of beef products suddenly falls there may be more supply of live cattle and feeder cattle than demand and the price will fall. Those trading agricultural commodities such as wheat often consult United States Department of Agriculture agency reports such as the wheat outlook. This report looks at supply, use, prices, and trade for wheat, including supply and demand prospects in major importing and exporting countries. The report shows United States wheat information by class. The November 15, 2012 report starts as follows:
“projected u.s. wheat ending stocks for 2012/13 are lowered 44 million bushels as higher feed and residual disappearance more than offsets a reduction in projecte
Agricultural commodity marketing; marketing issues related to timeDaisy Ifeoma
This chapter will enable students to understand the different stages of agricultural commodity marketing. At the end of this chapter, students should have an understanding of how agricultural commodity exchanges operate, how the prices of commodities are determined and most importantly be able to argue in favour of /against the presence of hedgers and speculators in the futures market.
http://profitabletradingtips.com/trading-investing/trading-agricultural-commodities
Trading Agricultural Commodities
Pork bellies, live cattle, Durham wheat, weather forecasts from Brazil, price supports for exports to Asia. Welcome to the world of trading agricultural commodities. Trading agricultural commodities takes place under two general categories, agricultural (grains, and food and fiber) and livestock and meat. Agricultural commodities are traded in the commodities futures markets. Here is a sample of agricultural commodities and where they are traded:
Grains, Food and Fiber
Commodity
Primary Exchange
Minimum Quantity
Symbol
Corn CBOT 5000 bu C/ZC (Electronic)
Corn EURONEXT 50 tons EMA
Oats CBOT 5000 bu O/ZO (Electronic)
Rough Rice CBOT 2000 cwt RR
Soybeans CBOT 5000 bu S/ZS (Electronic)
Rapeseed EURONEXT 50 tons ECO
Soybean Meal CBOT 100 short tons SM/ZM (Electronic)
Soybean Oil CBOT 60,000 lb BO/ZB (Electronic)
Wheat CBOT 5000 bu W/ZW (Electronic)
Milk Chicago Mercantile Exchange 200,000 lbs DC
Cocoa ICE 10 tons CC
Coffee C ICE 37,500 lb KC
Cotton No.2 ICE 50,000 lb CT
Sugar No.11 ICE 112,000 lb SB
Livestock and Meat
Lean Hogs Chicago Mercantile Exchange 40,000 lb (20 tons) LH
Frozen Pork Bellies Chicago Mercantile Exchange 40,000 lb (20 tons) PB
Live Cattle Chicago Mercantile Exchange 40,000 lb (20 tons) LC
Feeder Cattle Chicago Mercantile Exchange 50,000 lb (25 tons) FC
Weather in the Ukraine, Brazil, and the North American Great Plains
It is often quite possible to profit from the news in day trading agricultural commodities. Traders often wait for agricultural reports in order to understand where fundamentals of supply and demand are going. Although food is consumed locally it may have been produced anywhere in the world. Certainly prices across the globe reflect the ability to transport agricultural products virtually anywhere, if the price is right. The final price of a commodity depends upon supply and demand. If a drought threatens wheat production in the Ukraine or unusually heavy rains threaten to destroy much of Brazil’s soybean harvest, prices are bound to go up. In trading agricultural commodities, keeping an eye on the weather forecasts is part of the job. Likewise, if American consumption of beef products suddenly falls there may be more supply of live cattle and feeder cattle than demand and the price will fall. Those trading agricultural commodities such as wheat often consult United States Department of Agriculture agency reports such as the wheat outlook. This report looks at supply, use, prices, and trade for wheat, including supply and demand prospects in major importing and exporting countries. The report shows United States wheat information by class. The November 15, 2012 report starts as follows:
“projected u.s. wheat ending stocks for 2012/13 are lowered 44 million bushels as higher feed and residual disappearance more than offsets a reduction in projecte
Agricultural commodity marketing; marketing issues related to timeDaisy Ifeoma
This chapter will enable students to understand the different stages of agricultural commodity marketing. At the end of this chapter, students should have an understanding of how agricultural commodity exchanges operate, how the prices of commodities are determined and most importantly be able to argue in favour of /against the presence of hedgers and speculators in the futures market.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Agricultural commodity contract specification
1. Risk management
AGRICULTURAL
MU Guide
PUBLISHED BY MU EXTENSION, UNIVERSITY OF MISSOURI-COLUMBIA muextension.missouri.edu/xplor/
Agricultural Commodity Futures
Contract Specifications
Joe Parcell and Vern Pierce
Department of Agricultural Economics
This guide provides information about commodity quote differ by commodity. The contract specification
exchange markets and contract specifications for information listed below is intended to help producers
selected agricultural commodities common to Missouri. and agribusinesses better understand futures/options
It is important that you as an agricultural producer have contract specifications.
a clear understanding of the operation of the exchange Various commodities are traded at more than one
market and know exactly the specifications of the commodity exchange. For example, corn is traded at the
commodity contract you are about to enter into. Chicago Board of Trade and MidAmerica Commodity
Exchange. The difference in these contracts is that the
Agricultural exchange information Chicago Board of Trade contract is for 5,000 bushels (full
Commodity exchanges can make extensive infor- contract) of corn per contract and the MidAmerica
mation resources available to you. The Chicago Board Commodity Exchange contract is for 1,000 bushels
of Trade and Chicago Mercantile Exchange have many (mini-contract). You should be aware of the difference
free publications that explain topics ranging from the in trading volume between these markets. Lack of
duties of a floor trader to understanding and using basis adequate trading volume can cause difficulty when
information. Much of this information is available at the entering or exiting the market; however, mini-contracts
Web sites of the various commodity exchanges. can be useful to those lacking finances or the production
Two primary regulatory bodies oversee futures and quantity necessary to purchase or sell a full contract.
options trading: the Commodity Futures Trading Table 1 shows contract specifications for various
Commission (CFTC) and the National Futures agricultural commodities. The Futures column heading
Association (NFA). See the list below. represents the commodity being traded. Exchange refers
to the commodity exchange where the listed commodity
Contract specifications is traded. Contract size refers to the size of the contract
Every agricultural commodity contract has specifi- being traded. Trading hours refers to the hours of trad-
cations unique to that commodity. Chicago Mercantile ing of that commodity at the given commodity
Exchange feeder and live cattle futures/options exchange. Minimum fluctuation refers to the change in
contracts have weight specifications of 50,000 pounds overall value of the contract from a unit movement in
and 40,000 pounds, respectively, corresponding to the the price quoted (for instance, if the CBOT corn price
approximate weight of a semitrailer load of feeder and increases by 1⁄4 cent, the contract increases in value by
live cattle. Additionally, each commodity contract price $12.50, $0.0025 5000 bu).
quote is expressed differently, and changes in the price
Commodity exchanges Kansas City Board of Trade (KCBT) Regulatory bodies
(800) 821-5228, Fax: (816) 753-3944
Chicago Mercantile Exchange (CME) Commodity Futures Trading Commission
Internet: http://www.kcbt.com
(312) 930-1000, Fax: (312) 466-4410 (CFTC)
Internet: http://www.cme.com Chicago Board of Trade (CBOT) (202) 418-5080, Fax: (202) 418-5525
(312) 435-3500, Fax: (312) 341-3168 Internet: http://www.cftc.gov
MidAmerica Commodity Exchange
Internet: http://www.cbot.com
(MACE) National Futures Association (NFA)
(312) 341-3392, (800) 572-3276 New York Board of Trade (800) 621-3570, Fax: (312) 781-1467
Marketing (312) 435-7239 (New York Cotton Exchange, NYCE) Internet: http://www.nfa.futures.org
Internet: http://www.midam.com (212) 748-3365
Internet: http://www.nybot.com
$.25 G 601 Printed with soy ink on recycled paper
2. Deliverable versus cash-settled would have to take delivery of the corn at that location.
commodities Other deliverable commodities include wheat,
soybeans, pork bellies and live cattle.
Two classes of agricultural commodities typically Cash-settled commodities are those for which a cash
referred to in trading are deliverable and cash-settled settlement can be made at the end of the trading period.
commodities. Deliverable commodities are those for For instance, feeder cattle are a cash-traded commodity.
which the short position (seller) has the right, but not the If you held a short position until expiration, you would
obligation, to make delivery to a specified location for not have the right to make delivery. Instead, you would
which the long position (buyer) has the obligation to cash settle your short position, much like offsetting a
take delivery. For instance, corn is a deliverable contract by buying. You should be aware of the settle-
commodity. A seller (short) could make delivery at one ment terms of the commodity you are trading.
of the specified delivery locations, and the buyer (long)
Table 1. Contract specifications for selected agricultural commodities.
Futures Exchange Contract size Trading hours Minimum fluctuation
FOOD AND FIBER
Butter CME 40,000 lb 8:00–13:10 2.5¢/cwt = $10.00
Chedder cheese CME 40,000 lb 8:00–13:10 2.5¢/cwt = $10.00
Cotton, No. 2 NYCE 50,000 lb 9:30–13:40 1/10¢/cwt = $50.00
BFP Milk CME 200,000 lb 8:00–13:10 1¢/cwt = $200.00
GRAINS AND OILSEEDS
Corn CBOT 5,000 bu 9:30–13:15 1/4¢/bu = $12.50
Corn MACE 1,000 bu 9:30–13:45 1/8¢/bu = $1.25
Oats CBOT 5,000 bu 9:30–13:15 1/4¢/bu = $12.50
Oats MACE 1,000 bu 9:30–13:45 1/8¢/bu = $1.25
Rough rice CBOT 2,000 cwt 9:15–13:30 1/2¢/cwt = $10.00
Soybeans CBOT 5,000 bu 9:30–13:15 1/4¢/bu = $12.50
Soybeans MACE 1,000 bu 9:30–13:45 1/8¢/bu = $1.25
Soybean meal CBOT 100tons 9:30–13:15 10¢/ton = $1.00
Soybean meal MACE 50 tons 9:30–13:45 10¢/ton = $5.00
Soybean oil CBOT 60,000 lb 9:30–13:15 1¢/cwt = $6.00
Soybean oil MACE 30,000 lb 9:30–13:45 1¢/cwt = $3.00
Wheat CBOT 5,000 bu 9:30–13:15 1/4¢/bu = $12.50
Wheat KCBT 5,000 bu 9:30–13:15 1/4¢/bu = $12.50
Wheat MACE 1,000 bu 9:30–13:45 1/8¢/bu = $1.25
LIVESTOCK
Feeder cattle CME 50,000 lb 9:05–13:00 2.5¢/cwt = $12.50
Live cattle CME 40,000 lb 9:05–13:00 2.5¢/cwt = $10.00
Cattle MACE 20,000 lb 9:05–13:15 2.5¢/cwt = $5.00
Boneless beef CME 20,000 lb 8:50–13:00 1/10¢/cwt = $20.00
Boneless beef trimmings CME 20,000 lb 8:50–13:00 1/10¢/cwt = $20.00
Stocker cattle CME 25,000 lb 9:10–13:05 5¢/cwt=$12.50
Lean hogs CME 40,000 lb 9:10–13:00 2.5¢/cwt=$10.00
Lean hogs MACE 20,000 lb 9:10–13:15 2.5¢/cwt=$5.00
Pork bellies CME 40,000 lb 9:10–13:00 2.5¢/cwt=$10.00
Note: Many of these commodities have options markets that are traded based on similar contract specifications.
s Issued in furtherance of Cooperative Extension Work Acts of May 8 and June 30, 1914, in cooperation with the United States Department of
OUTREACH & EXTENSION Agriculture. Ronald J. Turner, Director, Cooperative Extension, University of Missouri and Lincoln University, Columbia, MO 65211. s University
UNIVERSITY OF MISSOURI Outreach and Extension does not discriminate on the basis of race, color, national origin, sex, religion, age, disability or status as a Vietnam
COLUMBIA era veteran in employment or programs. s If you have special needs as addressed by the Americans with Disabilities Act and need this publication
in an alternative format, write ADA Officer, Extension and Agricultural Information, 1-98 Agriculture Building, Columbia, MO 65211, or call
(573) 882-7216. Reasonable efforts will be made to accommodate your special needs.
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