The minimum price fluctuation in a soybean futures contract at the CME is$...$

$1$ point

$\frac{1}{4}$ cent per bushel, or $$12\mathrm{.}50$ per contract

$\frac{1}{2}$ cent per bushel, or $$25$ per contract

$\frac{3}{4}$ cent per bushel, or $$37\mathrm{.}50$ per contract

$1$ cent per bushel, or $$50$ per contract