Corn is a part of all our daily lives whether we are aware of it or not. With the recent speculation in oil prices the demand for ethanol has increased dramatically. As a staple of worldwide diet and energy, demand can only grow. There are two contract denominations available for trade:
- ZC trades in units of 5,000 bushels
The minimum price fluctuation is ¼ (.25¢) per bushel ($12.50 per contract)
- XC (mini corn) trades in units of 1,000 bushels.
The minimum price fluctuation is ¼ (.25¢) per bushel ($2.50 per contract)
Maximum Daily Price Fluctuation is 30 cents.
Contract Expiration: Request Free Demo to gain access to our web-based trading platform. From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.
Margin requirements are subject to change, and are required for open futures positions.
The corn futures contract is available to trade via the CME Globex trading platform. Open outcry trading is conducted 7:30AM PT through 11:15AM PT. Electronic trading is available during open outcry trading as well as 4:00PM PT through 4:00AM PT.
Trading example: If you were to purchase 1 contract of ZC at 600, and the next day it moves to 610, you would have a profit of $500. Inversely, if it were to move to 590, you would have a loss of $500. For less risk/volatility you can trade the mini contract which is 1/5 the size.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To make sense of the information provided and learn how to trade futures please read through our futures education.