Wheat prices

[chocolatecake]

How do I read them? I don't understand.


665-0
665-1
...
665-6

Is 6 the maximum fraction?
Is 1/6 point equal to 12.5$

Is there somewhere i could read this? I can't find anything.

 

[etem_tezcan]

665-6 means 665.75 cents/ bushel .
number after - is divided by 8

futures are priced like
665-0, 665-2, 665-4, 665-6, 666-0
each increment is 12.5 usd on a standard lot of 5000 bushels

options are priced as 10-1, 10-2, the latter part also has denominator of 8

 

[Ags Players]

If you are still confused you can still trade the NYSE/Liffe milling wheat contract (quoted in Euro/ton)