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
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