Mini-Corn Futures Contract Specs

Futures

Contract Unit	1,000 bushels (~ 25 Metric Tons)
Price Quotation	Cents per bushel
Trading Hours	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT
Minimum Price Fluctuation	1/8 of one cent per bushel ($1.25 per contract)
Product Code	CME Globex: XC CME ClearPort: YC Clearing: YC
Listed Contracts	March (H), May (K), July (N), September (U) & December (Z)
Settlement Method	Deliverable
Termination Of Trading	The business day prior to the 15th calendar day of the contract month.
Settlement Procedures	Mini-Corn Settlement Procedures
Position Limits	CBOT Position Limits
Exchange Rulebook	CBOT 10B
Block Minimum	Block Minimum Thresholds
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
Last Delivery Date	Second business day following the last trading day of the delivery month.
Grade And Quality	Through December 2018: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a 1.5 cent/bushel discount. As of March 2019: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a discount between 2 and 4 cents/bushel depending on broken corn and foreign material and damage grade factors.

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