How to trade in palm oil futures?

#3
contract size = 10 MT
quotation = INR/10kg

say todays price is 320 so total contract value = 320*1000 = 3,20,000

exchange initial margin is 5% so 0.05*3,20,000 = 16000 would be initial margin

so formula would be rougly price*1000*0.05 = 50*current market price

for each rupee move you make 1000 bucks

indian market blindly follows CBOT soyoil and BMD palm oil. so if you are a scalper you can get the opening market sentiment from those markets and trade accordingly
 

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