CME Group Mini-sized Corn

From MarketsWiki
Jump to navigation Jump to search


Mini-Sized Corn Futures
Contract Unit 1,000 bushels (~ 25 Metric Tons)
Price Quotation U.S. cents per bushel
Trading Hours CME Globex: Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and

Monday - Friday, 8:30 a.m. - 1:45 p.m. CT

CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 1/8 cent (0.00125) per bushel = $1.25
Product Code CME Globex: XC

CME ClearPort: YC

Clearing: YC

Listed Contracts Monthly contracts of Mar, May, Sep listed for 9 months and Jul and Dec listed for 8 months. List new monthly contracts following the termination of trading in the December contract of the current year.
Settlement Method Deliverable
Termination of Trading Trading terminates on the business day prior to the 15th calendar day of the contract month.
Settlement Procedures Mini-Corn Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 10B
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Second business day following the last trading day of the delivery month.
Grade and Quaity Through December 2018: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a 1.5 cent/bushel discount. As of March 2019: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a discount between 2 and 4 cents/bushel depending on broken corn and foreign material and damage grade factors.