1. Introduction to Commodities
  2. Commodities: Cocoa
  3. Commodities: Coffee
  4. Commodities: Copper
  5. Commodities: Corn
  6. Commodities: Cotton
  7. Commodities: Crude Oil
  8. Commodities: Feeder Cattle
  9. Commodities: Gold
  10. Commodities: Heating Oil
  11. Commodities: Live Cattle
  12. Commodities: Lumber
  13. Commodities: Natural Gas
  14. Commodities: Oats
  15. Commodities: Orange Juice
  16. Commodities: Platinum
  17. Commodities: Rough Rice
  18. Commodities: Silver
  19. Commodities: Soybeans and Soybean Oil
  20. Commodities: Sugar
  21. Commodities: Wheat
  22. Understanding Commodities Trading

Corn is one of the world’s most versatile and complex grains. While it’s generally thought of as a dietary staple, the market for corns extends beyond the dinner table: It’s also widely used as animal feed and in biofuels, sweeteners and other consumer products.

Contract Specifications

Ticker Symbol

ZC

Contract Size

5,000 bushels (about 127 metric tons)

Contract Months

H, K, N, U, Z

Trading Hours

CME Globex: Sunday – Friday, 8:00 p.m. – 8:45 a.m. and

Monday – Friday, 9:30 a.m. – 2:20 p.m.

Last Trading Day

The business day prior to the 15th calendar day of the contract month

Price Quote

U.S. dollars and cents per bushel

Tick Size

¼ of one cent per bushel ($12.50 per contract)

Production

Worldwide, corn is produced on every continent except Antarctica. The U.S. accounts for about 40% of global corn production, with more than 15 billion bushels of corn each year – more than any other country. Other top producers include China, Brazil, the EU and Argentina.             

Price Drivers

The price of corn is largely driven by the overall performance of the grains group. However, there are other factors that influence corn’s price movements, including:

  • demand for corn-based ethanol
  • the strength of the U.S. dollar
  • government regulation
  • emerging market demand (as incomes rise, demand for meat products increases; half of U.S. produced corn is used for livestock feed)
  • extremely wet or dry weather or natural disasters

 

 


Commodities: Cotton
Related Articles
  1. Insights

    6 Countries That Produce the Most Corn

    The world's six major producers of its most popular grain, corn, include the United States and China. Learn if these producers are net importers or exporters.
  2. Investing

    Is This ETF the Best Way to Trade Corn?

    With corn down some 60% since its 2012 high, a recent bounce higher was welcome. But several key resistance levels are suggesting a continued downtrend.
  3. Investing

    Corn's Bullish Base Could Yield 2016 Breakout (CORN)

    Corn is building an inverse head and shoulders base that could support a rally above 500.
  4. Investing

    Debunking Biofuels: Do They Really Raise Food Prices?

    Learn about the two sides of the argument on the effect biofuels have on food prices and about other factors that affect food prices.
  5. Investing

    Behind Corning Inc.’s Shares Rise 35% in 2016

    The maker of Gorilla Glass saw growth outside the consumer electronics space this year.
  6. Investing

    Corning Shows ‘Cool, Connected Car’ of the Future

    The high-tech glass maker boasts new 3D shape at a 2D cost, banking on demand for next-gen tech.
  7. Investing

    Corning Inc. Acquires STRAN Technologies

    The high-tech glass specialist will diversifies outside of its main consumer electronics segment.
  8. Investing

    Strategic Traders Are Turning To Agriculture

    As summer approaches many commodity traders are looking for opportunities at the agriculture sector. We'll take a look at a few picks for how to trade the move higher.
  9. Investing

    Goldman Drops Corning From Conviction List (GS, GLW)

    Despite the high-tech glass specialist's Q3 earnings beat, analysts doubt the sustainability of recent growth in glass volume.
Frequently Asked Questions
  1. What different kinds of shares can Public Limited Company (PLC) issue?

    Learn what a public limited company (PLC) is, and find out all of the various types of stock shares offered by PLCs in the ...
  2. Systemic versus systematic risk: What's the difference?

    Systemic risk generally refers to an event that can trigger a collapse in a certain industry or economy as systematic risk ...
  3. What is the best way to save for private school expenses? A 529 plan, a Coverdell ESA, or a mutual fund?

    The Coverdell Education Savings Account (ESA), tax-deferred and potentially tax-free, is optimal when saving for private ...
  4. When are mutual fund orders executed?

    Discover when and how mutual fund shares are bought and sold each day. Find out how price is determined, and when the trades ...
Trading Center