Hi, i am new to trading commodities and i have a question about the variation in price of SOYBNUSD in pips, because i am used to measure the variation in pips on my Forex trades. So, my question is, if the price goes up from 9.600 to 9.800, what is the price change in pips?
By the way, if someone coulp please tell me how much a pip is worth in commodities i would be very thankfull.
Thank you very much for helping me.