In today's segment Pete's covering everything a trader needs to new before trading grain futures and futures options.
Pete details the contract specifications of Corn (/ZC), Wheat (/ZW), and Soy Beans (/ZS). Pete also explains how a newer trader may turn to the mini contracts: Mini-Corn (/XC), Mini-Wheat (/XW), and Mini-Soy Beans (/XK).
Pete goes on to explain the growing cycles of the grains and the old crop as it compares to the new crop. This plays an important role in the backwardation and contango of the futures.