Futures Contract Specifications
The corn contract specifications tell you how the corn futures trade, not how to trade to corn futures. Before you consider opening a commodity futures account you should consult with a licensed commodities broker.
Corn Futures Specifications
No. 2 Yellow at par, No. 1 yellow at 1 1/2 cents per bushel over contract price, No. 3 yellow at 1 1/2 cents per bushel under contract price.
1/4 cent/bushel ($12.50/contract)
Dec, Mar, May, Jul,Sep
Last Trading Day
The business day prior to the 15th calendar day of the contract month.
Last Delivery Day
Second business day following the last trading day of the delivery month.
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Open Auction: C
Daily Price Limit
Thirty cent ($0.30) per bushel ($1,500/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Find information on margins requirements for the Corn Futures.
An Introduction to Trading
Click on the link above to download a printable .pdf booklet entitled “An Introduction to Trading CBOT Agricultural Futures and Options”. It is published by the Chicago Board of Trade. It is a must read guide for any novice or advanced trader considering an investment in the corn futures.
Click here to contact a licensed commodities broker with experience in the corn market.