Crude Oil

• Crude Oil is traded at the NYMEX with the symbol (CL).
• Trade Unit equals 1,000 barrels (42,000 gallons).
• Point value $1000 per point
• Contract Months 60+ consecutive rolling months

RBOB Gasoline

• RBOB Gasoline is traded at the NYNMEX with the symbol (RB).
• Trade Unit equals 42,000 U.S. Gallons (1,000 barrels).
• Point value $42,000 per point
• Contract Months: 36 consecutive rolling months

Natural Gas

• Natural Gas is traded at the NYMEX with the symbol (NG).
• Trade Unit equals 10,000 million mmBTU’s.
• Point value $10,000 per point.
• Contract Months: 18 rolling months.

Corn

• Corn is traded at the CBOT under the symbol (C).
• Trade Unit equals 5,000 bushels (~ 127 Metric Tons).
• Point value $50 per point
• Contract Months March (H), May (K), July (N), September (U) & December (Z)
• The Chicago Board of Trade (CBOT) began trading forward contracts on Corn in 1851

Kansas City Wheat

• Wheat is traded at the Kansas City Board of Trade (KCBOT) with the symbol (KW)
• Trade Unit equals 5,000 bushels (~ 136 Metric Tons).
• Point value $50 per point
• Contract Months March (H), May (K), July (N), September (U) & December (Z)

Wheat

• Wheat is traded at the Chicago Board of Trade (CBOT) with the symbol (W)
• Trade Unit equals 5,000 bushels (~ 136 Metric Tons).
• Point value $50 per point
• Contract Months March (H), May (K), July (N), September (U) & December (Z)
• The Chamber of Commerce now known as the Minneapolis Grain Exchange (MGEX) first began trading wheat futures In 1883.
• Wheat trading at the CBOT began in May 1923.

Live Cattle

• Live Cattle is traded at the CME under the symbol (LC). The electronic symbol is (HE).
• Trade Unit equals 40,000 lbs.
• Point value $400 per point
• Contract Months February (G), April (J), June (M), August (Q), October (V) & December (Z)
• The Live Cattle contract launched by the CME in November 1964, a very good year.
• Intermarket Relationships: Live Cattle to Lean Hogs ratio and Live Cattle to Corn ratio.
• Cattle Crush: purchase Corn and Feeder Cattle and sell Live Cattle.

Lean Hogs

• Lean Hogs are traded at the CME under the symbol (LH). The electronic symbol is (HE).
• Trade Unit equals 40,000 lbs.
• Point value $400 per point
• Contract Months February (G), April (J), May(K), June (M), July (N), August (Q), October (V) & December (Z)
• The Lean Hogs contract launched in 1997 as the replacement to Live Hogs contract which was retired.
• Intermarket Relationships: Lean Hogs are dependent on the cost of feedstuffs, such as corn and soybeans.

Gold

• Gold is traded at the COMEX with the symbol (GC).
• Trade Unit equals 100 troy ounces.
• Point value $100 per point.
• Contract Months:
• Gold began trading at the Comex December 1974.

Copper

• Copper is traded at the Comex under the symbol (HG).
• Trade Unit equals 25,000 pounds.
• Point value $250 per point
• Contract Months March (H), May (K), July (N), September (U) & December (Z)
• The Comex began trading contracts on Copper in 1933.
• The London Metals Exchange (LME) began trading forward contracts on Copper in 1883.

Aluminum

• Aluminum is traded at the London Metal Exchange (LME) under the symbol (MHA/AA).
• Trade Unit equals 25 tonnes
• Point value $25 per point
• Contract Months … trades in forward months

Lead

• Lead is traded at the London Metal Exchange (LME) under the symbol (MPB).
• Trade Unit equals 25 tonnes
• Point value $25 per point
• Contract Months … trades in forward months

Cotton

• Cotton is traded at the ICE with the symbol (CT).
• Trade Unit equals 50,000 lbs or 10 Metric Tons.
• Point value $500 per point
• Contract Months March (H), May (K), July (N), October (V) & December (Z)
• Cotton futures have traded in New York since 1870, first on the New York Cotton Exchange, then on the NYBOT and now on ICE Futures U.S.

Coffee

• Coffee is traded at the ICE with the symbol (KC).
• Trade Unit equals 37,500 pounds
• Point value $375 per point
• Contract Months March (H), May (K), July (N), September (U) & December (Z)
• Coffee Exchange of New York began trading coffee futures in 1882.

Lumber

• Random Length Lumber is traded at the CME with the symbol (LB).
• Trade Unit: 110,000 bd. ft. of random lengths 2x4s (8’ to 20’).
• Pricing Unit: $1,000 per point.
• Contract Months Jan, Mar, May, Jul, Sep, Nov.
• The Chicago Mercantile Exchange (CME) began trading Lumber in 1969.

Sugar

• Sugar is traded at two exchanges ICE: Sugar #14 (SB) and LIFFE: Sugar #5 (LSU).
• Sugar contracts differ based on refinement level: Raw Sugar (Sugar #14) and Refined/White Sugar (Sugar #5).
• Trade Unit for SB equals 112,000 pounds.
• Point value $1120 per point
• Contract Months March (H), May (K), July (N) and October (V)
• The Coffee Exchange, now apart of Intercontinental Exchange (ICE) by way of the NYBOT, began trading Sugar (SB) in 1914.