The Trade is opened when ICE Sugar No.11 Futures are trading at 13.15 (Selling Price) - 13.20 (Buying Price) 1 TICK of Sugar No.11 is 0.01
You think the price is due to FALL Sell Sugar @ $50 per TICK @ 13.15
You think the price is due to RISE Buy Sugar @ $50 per TICK @ 13.20
With PIPTRADE you can choose the US$ value per tick
according to your risk preference. When you trade at $50 per
TICK, your profit or loss will change by $50 every time the
price of ICE Sugar No.11 Futures changes by 1 TICK (or 0.01)
The Trade is closed when ICE Sugar No.11 Futures are trading at 12.37 (Selling Price) - 12.42 (Buying Price)
Sell Sugar @ $50 per TICK @ 12.42
Buy Sugar @ $50 per TICK @ 12.37
Selling Price: 13.15
Buying Price: 12.42
Difference:
(13.15 – 12.42) = 0.73
Your loss on the trade is 73 ticks
Trade Size: $10 per TICK
(0.01 movement)
73 * $50 = $3,650 Profit
Buying Price: 13.20 Selling Price: 12.37
Difference:
(12.37 – 13.20) = -0.83
Your profit on the trade is 83 ticks
Trade Size: $10 per TICK
(0.01 movement)
Corn is a major source of starch, a major ingredient in home cooking and in many industrialized food products. It is also a major source of cooking oil (corn oil) and of corn gluten. In the United States and Canada corn is widely grown to feed for livestock or grain. Corn is increasingly used as a biomass fuel, such as ethanol, which as researchers search for innovative ways to reduce fuel costs, has unintentionally caused a rapid rise in food costs.
FALL
