Four things:
the commodity being sold
the amount of that commodity you'll get
the price per unit
and the settlement date
If you buy a CME copper futures contract...
the commodity is Grade 1 electrolytic copper cathodes, full plate or cut, conforming to ASTM specifications for this metal, and physically delivered
the amount is 25,000 pounds
the price is in cents per pound
and the settlement date depends on the contract you bought.
Copyright © 2026 eLLeNow.com All Rights Reserved.