Question
2 . When you buy or sell a futures contract on an exchange, the quantity of the commodity is pre-set at a stated level. For
2. When you buy or sell a futures contract on an exchange, the quantity of the commodity is pre-set at a stated level. For example, corn contracts are for 5,000 bushels (which would make more popcorn than you could eat while binge watching the entire Star Wars catalog). The quantity covered by a contract is referred to as its contract size. Find the size of a futures contract on a commodity other than corn. You can find the size of a futures contract on the commodity whose price you found for 1 above, or for a different commodity. It's your choice. Just don't use corn, since its contract size has just been given.
a. In a post below, indicate the commodity you researched and its contract size. Provide a link.
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