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Wheat vs Canadian dollar - Wheat vs Canadian dollar Trading

Wheat vs Canadian dollar Investing

Type:

PCI

Instrument : &WHEAT/CAD

Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

Wheat vs Canadian dollar Description

The personal composite instrument «&WHEAT/CAD» reflects the price dynamics of Wheat against the Canadian dollar. The base part of this instrument is composed of 100 bushels of Wheat, and the quoted part - 1 Canadian dollar. Wheat is represented by a continuous CFD on wheat futures. The asset percentage content of the instrument is estimated on the basis of asset prices on the PCI creation date.

The personal composite instrument &WHEAT/CAD is used for the analysis and trade of wheat quoted against one of the main commodity currencies – Canadian dollar. Exports and imports of grains are important for countries where commodities comprise a significant part of their balance of trade.

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Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&WHEAT/CADAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1#C-WHEAT1.00000.500504.4000100 bushels
Quoted part1CAD1.0000.00000.8100CAD

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100
The size of 1 pip
0.001
Margin in USD for the volume and leverage of 1:100
461.20 USD
Creation date
2015-04-21
StandardBeginnerDemo
Fixed spread, pip 137713771377
Floating Spread, pip 137713771377
Order distance, pip ---
Swap (long/short) in pips on Vol -5.091 / -624.852-5.091 / -624.852-5.091 / -624.852
Available
volumes
>=22.51 1.50 – 150.00 >=1.50
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 02:00 — 14:45, 15:30 — 20:2002:00 — 14:45, 15:30 — 20:20
Tuesday02:00 — 14:45, 15:30 — 20:2002:00 — 14:45, 15:30 — 20:20
Wednesday02:00 — 14:45, 15:30 — 20:2002:00 — 14:45, 15:30 — 20:20
Thursday02:00 — 14:45, 15:30 — 20:2002:00 — 14:45, 15:30 — 20:20
Friday02:00 — 14:45, 15:30 — 20:2002:00 — 14:45, 15:30 — 20:20

Application field

How can PCI be applied in trading?

The personal trading instrument &WHEAT/CAD is used for trade and dynamics analysis of wheat vs the Canadian dollar, as well as multi-year comparative analysis of the dynamics of assets quoted in Canadian dollars. For example, by building a percentage chart in the NetTradeX terminal for two instruments &WHEAT/CAD и OIL/CAD (the latter is the crude oil of WTI brand quoted against the Canadian dollar) (Fig. 1), it is evident that in the last two year period (2013-2014) wheat didn’t decline very much (-7%) while oil fell 32.5%.

Wheat against the Canadian dollar

Fig.1

Traders, whose main assets and investments are denominated in Canadian dollars, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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