MGEX National Corn Index

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See Corn futures for a general discussion of the topic.


National Corn Index futures
Exchange MGEX
Settlement Cash settled
Contract Size 5,000 Bushels
Pricing Unit Not Applicable
Tick Value 1/4 cent per bushel
Contract Months All 12 months
Last Trading Day The last business day of the settlement month. Final settlement occurs on the next business day following the last trade date.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 6:00 p.m. to 1:45 p.m. (CT) Sunday - Friday
Ticker Symbol N/A IC
Price Limits N/A 25 cents per bushel
 
National Corn Index options
Trade Unit One futures contract
Point Value Not Applicable
Tick Value $6.25 per contract (1/8 cent per bushel)
Option Months All 12 months
Strike Prices Trading may be conducted for Options with striking price increments of 5 cents and 10 cents
Exercise Style American
  No Open Outcry Electronic
Trading Hours N/A 6:00 p.m to 1:45 p.m. (CT) Sunday - Friday
Ticker Symbol N/A OIC
Price Limits N/A 25 cents per bushel

Notes