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What is the unit in futures trading volume?
A troy ounce unit of weight.

British unit of capacity and weight, commonly used in Britain and the United States, is mainly used to measure the weight of dry goods, especially agricultural products. Usually 1 bushel is equal to 8 gallons, about 36.37 liters, but different agricultural products have different definitions of bushels. In the American agricultural futures market, cents and bushels will be used as price units.

1 oz = 31.1035g =0.0833 lb, 12 oz = 1 lb.