Soybean futures trading example reflects changing export patterns. May CBOT soybean futures rallied 2.6% following a large South American purchase reported by USDA. According to Zillow, the national average 30-year mortgage rate for purchasing a home is 6.28%, and the average 15-year mortgage rate is 5.58%. But these are national averages, so the average in your area could be different. Averages are typically higher in expensive parts of the U.S. and lower in less expensive areas. The futures price is the price that you lock in when trading a futures contract, and it is what you will be able to buy or sell an underlying market for at or before the contract’s expiry date. The spot price is the current underlying market price that you would be able to trade at if you opened a position today. A futures trading example in corn sees July contracts rise 3.2% after USDA lowered stock estimates. Agricultural futures markets are factoring in weather risks from Midwest floods.
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