What are the contract specifications for corn?
Corn Jul ’22 (ZCN22)
| Barchart Symbol | ZC |
|---|---|
| Contract Size | 5,000 bushels |
| Months | Mar, May, Jul, Sep, Dec (H, K, N, U, Z) |
| Trading Hours | 7:00p.m. – 7:45a.m. and 8:30a.m. – 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST |
| Value of One Futures Unit | $50 |
How much corn is in a corn futures contract?
The Asset on the CME In the United States, corn futures are traded at the Chicago Board of Trade (CBOT). The symbol for corn is ZC, and one contract of corn is worth 5,000 bushels.
How many bushels are in a corn futures contract?
5,000 bushels
By selling futures contracts against corn held in storage. Each futures contract is 5,000 bushels, so you must sell 10 contracts to fully hedge your position.
How many bushels are in a CME corn contract?
The unit of trading shall be 5,000 bushels of corn. The minimum fluctuation for Corn futures shall be ¼ cent per bushel ($12.50 per contract), including spreads.
What is corn futures limit?
For corn contracts, the daily limit will move to 30 cents per bushel from the current 25 cents, while for CBOT SRW wheat, the limit will rise to 40 cents from 35 cents. K.C. HRW wheat futures will continue to have a daily limit of 40 cents per bushel.
What futures contract months are traded in corn?
Using the example of the Chicago Board of Trade corn contract, we can examine some common terms of a futures contract. Delivery months: March, May, July, September, and December.
How do you read a corn futures price?
Thus, if corn was trading at $4.15 1/4 (four dollars and fifteen and a quarter cents) the price would be displayed on a quote board as simply 415’2. The two represents the un-reduced fraction 2/8. If corn futures ticked lower, the new price would be 415, or $4.15.
How do you read future corn prices?
What is futures Daily price limit?
A price limit is the maximum range that a futures contract is allowed to move up or down within a single day. Price limits are re-calculated every day. When price limits are reached in one day, the variable price limits might be implemented to expand the initial limits to the variable amount for the next trading day.
What is price limit in futures contract?
Price limits are the maximum price range permitted for a futures contract in each trading session. These price limits are measured in ticks and vary from product to product. When markets hit the price limit, different actions occur depending on the product being traded.