Corn is the leading field crop in the United States.
Contract Specifications:
Contract Size: 5,000 bushels
Deliverable Grades: No. 2 Yellow at par, No. 1 yellow at 1 1/2 cents per bushel over contract price, No. 3 yellow at 1 1/2 cents per bushel under contract price
Tick Size: 1/4 cent/bushel ($12.50/contract)
Price Quote: Cents/bushel
Contract Months: Dec, Mar, May, Jul, Sep
Last Trading Day: The business day prior to the 15th calendar day of the contract month.
Last Delivery Day: Second business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. – 6:00 a.m. and 9:30 a.m. – 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. – 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: C
Electronic: ZC
Daily Price Limit: Thrity cent ($0.30) per bushel ($1,000/contract) above or below the previous day’s settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
CBOT mini-sized Corn Futures (YC)
Contract Size: 1,000 bushels
Deliverable Grades: No. 2 Yellow at par, No. 1 yellow at 1 1/2 cents per bushel over contract price, No. 3 yellow at 1 1/2 cents per bushel under contract price.
Tick Size: 1/8 cent/bushel ($1.25 per contract).
Price Quote: Cent/bu (1,000 bu)
Contract Months: Dec, Mar, May, Jul, Sep
Last Trading Day: The business day prior to the 15th calendar day of the contract month.
Last Delivery Day: Second business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. – 6:00 a.m. and 9:30 a.m. – 1:45 p.m. Sunday-Friday
Open Auction: 9:30 a.m. to 1:45 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: YC
Electronic: XC
Daily Price Limit: Thirty cents ($0.30) per bushel ($200 per contract) above or below the previous day’s settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).