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. 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.
  2. Investing

    5 Grocery Items Affected By The Rising Price Of Corn

    These items have a direct relation to the production of corn, and may have rising prices this summer.
  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

    5 Economic Changes That Fatten Your Grocery Bill

    Global economic conditions are working to bloat our food costs. And for many, even the smallest increase in food prices can spoil the family budget.
  5. 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.
  6. Investing

    Grow Your Finances in the Grain Markets

    Hedging with futures can protect buyers and sellers of commodities from adverse price movements.
  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

    Corn Traders Are Bracing Themselves For More Selling

    Recently, the DBA fund started trading near a short-term level of support. This move sparked talks of a commodity reversal. Corn prices are suggesting this prediction is too early.
  9. Investing

    Corning Inc. Acquires STRAN Technologies

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

    Trade The Rise In Agriculture Commodities

    The weather has triggered a move in agriculture commodities. We'll take a look at several charts that are poised for a move higher.
Frequently Asked Questions
  1. How much impact does government regulation have on the automotive sector?

    Learn about how government regulation affects the automotive industry in terms of design, safety features, fuel-economy and ...
  2. How can I buy an S&P 500 fund?

    Looking for access to the S&P 500? Learn how to access an S&P 500 index fund or ETF.
  3. Can dividends be paid out monthly?

    Find out if stocks can pay dividends monthly, and learn about the types of companies most likely to do so and how monthly ...
  4. How are municipal bonds taxed?

    Discover information about the various tax implications for municipal bonds and zero-coupon municipal bonds at the state ...
Trading Center