The CME or the Chicago Mercantile Transform is one of the largest commodity exchanges in the macrocosm. Civic exchanges are the finest system to actuate the contemporary marketplace fee of commodities. Provided there's a marketplace for it, the CME Testament advise both spot (in fashion) and futures (budgeted) prices along with advice approximately what's included in the settlement Business agreement. It Testament as well add hash on the character of disclosed contracts for the commodity which can provide clues on the strength of the price in the market.
Instructions
1. Go to the CME website. Scroll over the Products tab in the left pane until a listing of commodities appears.
2. Click on the commodity you need pricing for. For this example, let's choose corn.
4. Click on the Settlements tab for historical information on pricing.5. Click on Contract Specifications at the top of the page to receive more information about how each contract is priced.
3. Scroll across the table. It will provide options pricing data for corn futures including the month of the contract, the last traded price, the change from the last quoted price, the high, low, and the amount of volume for the contract. The best approximation for the current price is the last traded price for the most recent month listed.
The current contract size is 5000 bushels per contract. As of December 4, 2009, the quote for a contract is 373'6 which means the price of corn in the market is $3.73 and six-tenths of a cent per bushel.
