Futures / CME-Corn Contract / Quote Price

[de_Grommet 10]

Hi everybody,

 

I got some end-of-day-data for the cme-corn-future.

For example, 358^6 cents (opening price for march 2015, 20.10.2014).

I don't understand why "^6" is shown, because one tick corresponds to

1/4 cents, so I would expect quotes with 0, 0.25, 5 and 0.75 cent.

Can somebody bring light into the darkness?

 

Thank you.

[divyanshisharma 2]

Futures are financial contracts giving the buyer an obligation to purchase an asset (and the seller an obligation to sell an asset) at a set price at a future point in time.

[CrazyCzarina 17]

On 1/2/2019 at 5:02 PM, divyanshisharma said:

Futures are financial contracts giving the buyer an obligation to purchase an asset (and the seller an obligation to sell an asset) at a set price at a future point in time.

Is it new in Market? Any link to gain more knowledge about it?