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

    I Can't Believe It's Corn!

    The widespread use of corn spans from food additives to fuel, aspirin and windshield washer fluid. Find out where else it's used and the size of this growing industry.
  3. Investing

    Investing Seasonally In The Corn Market

    Each month can bring new growth opportunities, if you know where the right investment seeds are.
  4. Investing

    Corning’s Upcoming Earnings: What to Expect

    After consecutive earnings beats, the high-tech glass manufacturer may surpass expectations.
  5. Investing

    Corning Inc. Stock Breaches 52-Week High (GLW)

    The wearable tech company's latest Gorilla Glass SR+ technology is expected to drive future revenues, lifting Corning's stock past consensus price target.
  6. Investing

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

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

    Corning Releases New Glass-Enabled Concept Car

    The high-tech Gorilla Glass maker foresees 'exciting new opportunities' in the evolving auto space.
  8. Investing

    Corning Slides Despite Beating Q4 Expectations

    Shares of Corning (NYSE: GLW) fell almost 6% on Tuesday after the specialty glass and ceramics maker posted its fourth-quarter earnings. That decline was surprising, since the company easily ...
  9. Investing

    Harvesting Crop Production Reports

    Find out what grain investors need to know to analyze USDA reports.
  10. Investing

    Corning and Belden Collaborate on Broadband

    The high-tech glass specialist will work with PPC Broadband to enhance networks.
Frequently Asked Questions
  1. What are the advantages and disadvantages of using systematic sampling?

    Learn about the primary advantages and disadvantages of using a systematic sampling method when conducting research of a ...
  2. Is Technical Analysis a Self-Fulfilling Prophecy?

    Technical analysis seems to be useful, but some say it is simply reinforcing what investors believe.
  3. How does a cost-of-living adjustment (COLA) affect my salary?

    Learn how employers add cost-of-living adjustments to workers' salaries to offset the effects of inflation or aid in a relocation ...
  4. Is Net Operating Income (NOI) the same thing as Earnings Before Interest and Taxes (EBIT)?

    Find out about net operating income, earnings before interest and taxes, why they are not equivalent, and which measure takes ...
Trading Center