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Corn Futures

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CFTC Sanctions Two Illinois Residents $400,000 And Imposes A 140-Day Trading Ban For Entering Into Unlawful Wash Sales - Kevin Mclaren And Edward Gorman Charged With Prearranging Trades Involving Corn Futures Spreads
Mondo Visione  Apr 29  Comment 
The Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Kevin McLaren and Edward Gorman for engaging in unlawful wash sales in corn futures spread contracts on the Chicago Mercantile...
Evening markets: coffee, corn futures lead ag market tumble
Agrimoney.com  Apr 23  Comment 
Coffee buckles under technical pressure, and a Goldman downgrade, while corn extends losses to improved US weather. But it is a generally negative day
Early-season planting concerns create choppy corn market
Southeast Farm Press  Apr 16  Comment 
By Debra Levey Larson, University of Illinois New crop corn futures have been choppy over the past two weeks as the start to planting in the Corn Belt has been delayed. read more
Evening markets: wheat, corn futures feed on weather fears
Agrimoney.com  Apr 11  Comment 
Hard red winter wheat futures get a boost from US frost concerns. Coldness also supports corn, in sparking ideas of slow sowings, and a switch to soy
[$] Corn Futures Rise on U.S. Crop Report
Wall Street Journal  Apr 10  Comment 
The U.S. Department of Agriculture forecast tighter-than-expected domestic supplies of the grain.Wheat and soybean futures fell as the USDA forecast significantly greater-than-expected world supplies.
[$] Corn Sinks 7.6% on Supply Data
Wall Street Journal  Apr 1  Comment 
U.S. corn futures tumbled 7.6%, their biggest one-day percentage drop in nearly four years, amid larger-than-expected U.S. stockpiles.
Rally in feed prices not over yet, says Cal-Maine
Agrimoney.com  Apr 1  Comment 
The world's top egg group says elevated feed prices will remain a concern over the summer, despite the US stocks data which has dented corn futures
Sinking corn futures could see fertilizer stocks shucked
The Globe and Mail  Apr 1  Comment 
If current trends continue, the fertilizer sector will be hit directly by the surplus of corn




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Charles Armstrong
Asset Prime

Corn futures are traded on the Chicago Board of Trade under ticker symbol C in cents per bushel. For electronic trading sessions, the symbol ZC is used.[1]

The chart at left shows front-month corn prices on the Chicago Board of Trade (CBOT) in U.S. cents per bushel.


Delivery Dates

Corn futures are delivered every year in March, May, July, September, & December.[1]

The following is a table with corn futures delivery dates and resultant tickers for 2011. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
March, 2011CH11C/H11-CB
May, 2011CK11C/K11-CB
July, 2011CN11C/N11-CB
September, 2011CU11C/U11-CB
December, 2011CZ11C/Z11-CB

Contract Specifications

Contract Size

One Corn futures contract on the Chicago Board of Trade is 5,000 bushels.[1]

Daily Price Limit

$0.40 per bushel expandable to $0.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.[1]

Trading Hours

Corn futures contracts trade on the CBOT floor through open outcry (pit sessions) Monday through Friday, 10:30 AM to 3:00 PM, US Eastern Time.

Corn futures contracts trade electronically through the CME Globex electronic trading platform from 6:00 PM to 3:00 PM Sunday through Friday, US Eastern Time.

Last Trading Day

Trading of Corn futures contracts on the Chicago Board of Trade ends on the business day prior to the 15th calendar day of the contract month.[1]

Contents

Deliverable Grades

Deliverable Corn grades for futures contracts on the Chicago Board of Trade are: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium #3 Yellow at a 1.5 cent/bushel discount.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 The Chicago Board of Trade's contract specification for Corn futures
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