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Grain and Oilseed
Product Overview
Corn futures provide a way to:
- Participate in global price discovery for corn
- Effectively manage the price risk that corn merchandisers, producers, food processors, livestock operations, importers and others have related to the purchase or sale of corn
- Take advantage of arbitrage and spread opportunities with other commodities including related grains & oilseeds, meats and Ethanol futures
- Trade in deep liquid markets
- Evaluate or reflect on both the current and future supply and demand situation for corn
- Identify short and long-term cyclical price and volatility patterns for corn
- Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in corn
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Get Real-Time Quotes
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General News & Announcements for Corn
CME Product Market Data
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| Trade Unit | 5,000 Bushels | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 tick = 1/4 cent per bushel = $12.50 per contract | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.30/$0.45/$0.70) per bushel ($1,500/$2,250/$3,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
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| Trading Hours | Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. Trading in expiring contracts closes at noon on the last trading day. | ||
| Listed | |||
| Product Codes | Clearing:C Open Auction: C Globex: ZC | ||
| Minimum Block Size | |||
| Product Calendar | Dec, Mar, May, Jul, Sep View current product listings |
| Trade Unit | 5,000 Bushels | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 tick = 1/4 cent per bushel = $12.50 per contract | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.30/$0.45/$0.70) per bushel ($1,500/$2,250/$3,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
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| Trading Hours | 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. | ||
| Listed | |||
| Product Codes | Clearing:C Open Auction: C Globex: ZC | ||
| Minimum Block Size | |||
| Product Calendar | Dec, Mar, May, Jul, Sep View current product listings |
General News & Announcements for Corn
Contracts Currently Eligible
to Trade
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| MAY08 | CK08 | 05/02/2006 |  |
05/14/2008 | 05/14/2008 |
| JUL08 | CN08 | 12/15/2005 | |
07/14/2008 | 07/14/2008 |
| SEP08 | CU08 | 05/02/2006 | |
09/12/2008 | 09/12/2008 |
| DEC08 | CZ08 | 12/15/2005 | |
12/12/2008 | 12/12/2008 |
| MAR09 | CH09 | 03/16/2007 | |
03/13/2009 | 03/13/2009 |
| MAY09 | CK09 | 09/17/2007 | |
05/14/2009 | 05/14/2009 |
| JUL09 | CN09 | 07/20/2006 | |
07/14/2009 | 07/14/2009 |
| SEP09 | CU09 | 03/17/2008 | |
09/14/2009 | 09/14/2009 |
| DEC09 | CZ09 | 07/20/2006 | |
12/14/2009 | 12/14/2009 |
| MAR10 | CH10 | 03/16/2007 | |
03/12/2010 | 03/12/2010 |
| MAY10 | CK10 | 04/02/2008 | |
05/14/2010 | 05/14/2010 |
| JUL10 | CN10 | 02/06/2007 | |
07/14/2010 | 07/14/2010 |
| DEC10 | CZ10 | 02/06/2007 | |
12/14/2010 | 12/14/2010 |
General News & Announcements for Corn
Product Overview
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Things to Know:
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Product Education
Publications