This is the spread showing the differential between US Corn and Euro Maize. ( Maize=Corn)
The two contracts are:
Euro maize 50 metric tonnes. Euro/tonne. min tick 25 euro cents
CBOT Corn:
5000 bushels (127 Metric tonnes)
US Cents /Bushel
min tick .25 cent
the CBOT mini corn is 25 metric tonnes (1,000 bushels) and min tick is 1/8 cent.
So two mini= 1 Euro contract.
Arbitrage opportunties abound.
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