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Corn Futures - History of Corn and Corn Specifications
Free Corn Futures kit

Trade Corn for as low as $1 per trade (plus exchange fees) - Open a futures trading account today.

Free $25 Corn & Grain Trading Kit - Also includes access to the client website with daily grain research.

The History of Corn

For centuries corn has been a staple of everyday life, used as a source of food, energy and monetary value.
From the early Native American crops first cultivated by the Mayans, to present day advanced hybrids resistant to pests and chemicals, corn remains firmly rooted at the center of agriculture.

Corn is part of the world's largest industry, Agriculture. On a global basis, many are involved with farming than all other occupations combined. There may be only a couple million people actively involved in production agriculture in the United States, but according to the IFIC, one out of every six jobs is tied to our industry. From farmer to researcher, farming supports every aspect of our economy.

During the last ten years, corn has been the leading crop in terms of production and amount grown. The major producing nation in the world is the United States of America, with over eighty percent of the production in the U.S. centered in the mid-western states known as the "Corn Belt": Iowa, Illinois, Nebraska, Minnesota, and Indiana.

U.S. Corn Consumption
Alcohol 1.3%
Export 19%
Cereal/Others 1.8%
High Fructose Corn Syrup (HFCS)   5%
Starch 2.5%
Sweeteners 2.2%
Ethanol 11%
Feed/Residual 57%
Seed 0.2%

corn futures

Cited from the U.S. Dept of Agriculture

Contract Months
December, March, May, July, September

Daily Price Limit
20 cents per bushel ($1,000/contract) above or below the previous day's settlement price.
No limit in the spot month (limits are lifted two business days before the spot month begins).

Ticker Symbols
Open Outcry: C
Electronic (a/c/e): ZC

Tick Size

One fourth cent per bushel ($12.50/contract)

Corn Futures
Contract Size
5,000 bushel

Deliverable Grades
Number 2 Yellow at par, Number 1 yellow at 1 1/2 cents per bushel over contract price,
Number 3 yellow at 1 1/2 cents per bushel under contract price

Price Quote
Cents and quarter-cents per bushel

Last Trading Day
The business day prior to the 15th calendar day of the contract month.

Last Delivery Day
2nd business day following the last trading day of the delivery month.

Trading Hours
Open Outcry: 9:30 a.m. - 1:15 p.m. Chicago time, Mon-Fri. Electronic (a/c/e): 8:30 p.m. - 6:00 a.m. Chicago time, Sun.-Fri. Trading in expiring contracts closes at noon on the last trading day.

Free Corn Futures Kit

*The risk of loss exists in futures trading. Past performance is not indicative of future results.