Mini-Corn Futures Contract Specs
| Contract Unit | 1,000 bushels (~ 25 Metric Tons) | ||||
| Price Quotation | U.S. cents per bushel | ||||
| Trading Hours | CME Globex: | Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT |
CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | 1/8 cent (0.00125) per bushel = $1.25 | ||||
| Product Code | CME Globex: XCCME ClearPort: YCClearing: YC | ||||
| Listed Contracts | Monthly contracts of Mar, May, Sep listed for 9 months and Jul and Dec listed for 8 months. List new monthly contracts following the termination of trading in the December contract of the current year. | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading terminates on 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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