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mainuh

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mainuh

Re: None

Tuesday, 07/01/2008 11:40:37 AM

Tuesday, July 01, 2008 11:40:37 AM

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ACG, got a question for ya!
I've been trying to figure out the relationship of price in a soybean oil contract (hope that makes sense!)
Specifically, I notice it goes for $67,(give or take a few pennies) and the contract is for 60,000 lbs with a $6 per penny move.
Now, how do I figure out the price per lb of soybean oil?
Just trying to ballpark the price per pound, and I don't think you just take the 67 figure and divide it by 60,000, or do you?
Straighten me out when you get a chance, thanks!

Mainuh

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