Units used for commodities

Dick_Turpin99

Can someone point me in the right direction where I can find out what the units used for the commodities on the futures markets are please.

What is the gold/silver etc. being sold in, is it ounces?
What are the live cattle? US cents per live-weight kilogram?
What the wheat price relates to?

http://finviz.com/futures_charts.ashx


many thanks

D^T

oldtoolie

You can buy this for £8.33 on Amazon: Commodities For Dummies

darkpool

have a look at this bad boy website. click on the commodity you want then click "contract specification"

is this for a school project? if you fancy investing in commodities - don't

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_contract_specifications.html

Dick_Turpin99

darkpool wrote: »

is this for a school project? if you fancy investing in commodities - don't

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_contract_specifications.html

haha, hardly.....in my forties now.....just perusing the commodities to see the trends and thought that it would have been common sense to put a "units" column to help laymen understand.

Why is it a bad idea to invest in them?...or is it a leading question?

darkpool

yeah, it would be interesting to know what a barrel of oil looked like.

i once saw research that the average com investor lasted 6 months....

these markets were really intended for farmers/ food producers to hedge prices. i don't think they lend themself to investment, though obviously some would disagree.