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The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%.
Minimum size 0.05
Contract size USD 1
One Pip means 1 cents per tonne
Value of one Pip USD 1 (GBP 0.77)
Minimum stop distance 120
Minimum guaranteed stop distance 400
11:00 - 23:45 (Australian - Melbourne Local Time)
00:30 - 05:20 (Australian - Melbourne Local Time)
Your aggregate position in this market will be margined in the following tiers:
|1||0 - 45 Contracts||3.5%|
|2||45 - 90 Contracts||7%|
|3||90 - 135 Contracts||10.5%|
|4||135 + Contracts||17.5%|
If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.
Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.
Expiry date 29/11/18
Last dealing date and time 30/11/18 05:15
Settles based on the official settlement price of the CBOT Soya Bean Meal future on the last dealing day +/- IG dealing spread.
Last rollover time 30/11/18 05:00
Usually, initial position closed at official closing level of day before last dealing day +/- closing spread; new position in next contract opened at official closing level of the new contract from same day, +/- opening spread.
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On Thursday 4 October, we invited two forex experts into the IG studio for our first #IGForexChat. Sara Walker sat down with professional trader Sam Morton and market analyst Raj Dhall to discuss the Chinese yuan, benchmarks for the trade war and the strength of the US economy.