So i was looking at this index chart and am a little confused...
futures.tradingcharts.com/specs/
cmegroup.com/trading/agricultural/grain-and-oilseed/soybean_contractSpecs_futures.html
cmegroup.com/trading/agricultural/grain-and-oilseed/mini-sized-soybean_contract_specifications.html


SOYBEANS FUTURES
im confused on soybeans trading, from what i understand if i buy 1 ZS soy contract when soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $5,000 USD? Am i correct?

MINI SOYBEANS FUTURES
im also confused on mini soybeans trading, from what i understand if i buy 1 YK mini soy contract when mini soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $1,000 USD ? Am i correct?

if i am not correct can someone please clarify for me the profit made on a 1.0 movement???

davechenski 

So i was looking at this index chart and am a little confused... futures.tradingcharts.com/specs/ cmegroup.com/trading/agricultural/grain-and-oilseed/soybean_contractSpecs_futures.html cmegroup.com/trading/agricultural/grain-and-oilseed/mini-sized-soybean_contract_specifications.html SOYBEANS FUTURES im confused on soybeans trading, from what i understand if i buy 1 ZS soy contract when soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $5,000 USD? Am i correct? MINI SOYBEANS FUTURES im also confused on mini soybeans trading, from what i understand if i buy 1 YK mini soy contract when mini soy is at 850.00 and it moves to 851.00 for a gain of 1.0 that would mean i profited $1,000 USD ? Am i correct? if i am not correct can someone please clarify for me the profit made on a 1.0 movement???

https://www.cmegroup.com/trading/agricultural/grain-and-oilseed/soybean_contract_specifications.html

https://www.cmegroup.com/trading/agricultural/grain-and-oilseed/mini-sized-soybean_contract_specifications.html

The move from 850 to 851 = $ 50.-- (soybeans) and $ 10.-- (mini soybeans)

thanks, i paper traded it and you were right, but if you have some spare time, can you explain to me what the circled position "net total" means in the attached picture? its for 1 contract
but i dont know what that number means, i just know its a really huge value, im trying to learn as much as i can before i go live, so sorry for the dumb questions.

Sorry, I don't know your platform and what these numbers mean?

davechenski 

thanks, i paper traded it and you were right, but if you have some spare time, can you explain to me what the circled position "net total" means in the attached picture? its for 1 contract but i dont know what that number means, i just know its a really huge value, im trying to learn as much as i can before i go live, so sorry for the dumb questions.

Looks like the notional value of the contract.

Price x 5,000 bushels for the full size contract and price x 1,000 bushels for the mini contract.

muttoez 

Looks like the notional value of the contract. Price x 5,000 bushels for the full size contract and price x 1,000 bushels for the mini contract.

thanks, you are correct, thanks guys for the explination