CBOT Corn Futures and Corn Options Market

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Dear clients and students of the commodity markets, the following information should answer all of your questions about Corn Futures and Corn Options. You may also call 800-915-4716 or email tkfutures@earthlink.net  your corn future market and corn options questions to be answered by a seasoned professional.

The History of Corn and Corn Futures Trading

Corn has been called the other yellow gold because of its value around the globe throughout most of the history of man. For centuries corn has been a staple of everyday life, serving as a source of food, energy and currency. Early Indians migrated from Eastern Asia through North America to what is now South America and used corn plants for everything from making clothes to making a primitive beer from its chewed kernels. For thousands of years, maize crops have been cultivated by the Mayans and Incas to today's advanced hybrids resistant to pests and chemicals, corn remains firmly rooted at the heart of agriculture. Corn is thought to be the second most cultivated plant throughout the history of man behind wheat.

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As an exchange traded commodity and future contract, corn futures is one of the two originals and is also the most liquid of the grain future contracts. Cotton began trading in New York at about the same time that corn futures began trading in Chicago in the mid 1800's. The original corn futures or forward contract was for 3000 bushels instead of the 5000 bushel contract of today. Back then the exchange membership fees were $3 instead of the 6 and 7 figure costs for exchange seats today. The Chicago Board of Trade is the premiere corn future trading exchange in the world today.

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The corn market's role in the production of ethanol has increased its demand because of the high prices for petroleum products. Many experts agree that if crude oil prices stay above $45/barrel it is economically feasible for ethanol to be produced and added to unleaded gasoline.

Corn has many different uses and many different products are made from corn that many people are unaware of: antibiotics, aspirin, laminated building products, lubricating agents, metal plating, adhesives, construction materials and even cardboard. These diverse applications for corn make the corn futures and corn options market that much more important to the corn industry. Many savvy farmers use the corn futures and corn options markets to hedge their crops against adverse price movements.

Corn and Corn Futures and Options Uses

How many times a day does the average American consumer use a product derived from corn? You may fill your car up with ethanol blended fuel. That soda at lunch - sweetened with a corn sweetener. Maybe you have a pillow or comforter made from corn fiber. And the pot roasts for dinner - most likely corn-fed beef. The grain future contracts have become more and more popular because of their relative liquidity and leverage.

Regardless of market, producers around the world continue to explore value-added opportunities for corn. One of the most successful efforts has been the growth of the ethanol market. Corn future and ethanol future trading have become major future trading contracts.

Corn Future Contract Specifications

Corn Futures

Size - 5,000 bushels

Tick Size - $0.025/bu

Daily Price Limit - $0.20/bu

Strike Price - N/A

Contract Months - Dec, Mar, May, Jul, Sep

Last Trading Day - Seventh business day proceeding the last business day of the delivery month

Expiration Day - N/A

Trading Hours - 9:30a.m. - 1:15p.m.

Ticker Symbol - C

Corn Options

Size - One CBOT Corn Futures

Tick Size - 1/8c/bu

Daily Price Limit - $0.20/bu

Strike Price - $0.10/bu

Contract Months - Dec, Mar, May, Jul, Sep

Last Trading Day - Last Friday proceeding the first notice day of the corresponding futures contract by at least five business days.

Expiration Day - Unexercised options expire at 10 a.m. on the first Saturday following the last trading day.

Trading Hours - 9:30 a.m. - 1:15 p.m.

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To see more about the grain futures visit soybean futures and wheat futures.

Also visit Corn Futures Special Report

To to open an account click online future trading.

For specific future trading information visit commodity research.

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