Quotation unit cents/bushel

65438+February contract reported 6 1 1.2 cents/bushel.

The value of the first-hand futures contract is 611.2100 * 5000 = USD 30560 =30560*6.83 19=208782.86 RMB.

1 bushel of corn = 56 lbs = 25.4438+0 kg.

That is 0.02540 1 ton.

5000 bushels = 127.005 tons

1 ton of American corn = 208,782.86/127.005 =1643.89 yuan.