Tokyo Grain Exchange Corn

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Template:Infobox Midpage Need Sponsor Right


Corn futures
Exchange Tokyo Grain Exchange
Settlement Physically delivered
Contract Size * Up to March 2008 = 100,000 kilograms (100 metric tons)
  • May 2008 onward = 50,000 kilograms (50 metric tons)
Pricing Unit Need pricing unit!
Tick Value Need tick value!
Contract Months January, March, May, July, September, and November within a twelve-month period
Last Trading Day 15th calendar day of the month preceding the delivery month; if not a business day, the last trading day is moved up to the nearest business day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 a.m., 10:00 a.m., 11:00 a.m., 1:00 p.m., 2:00 p.m. and 3:00 p.m.
  • 9:00 a.m., 10:00 a.m. and 11:00 a.m. on the last trading day
Ticker Symbol N/A N/A
Price Limits N/A Up to March 2008 =
  • Contracts of under ¥10,000 = ¥300
  • Contracts from ¥10,000 to ¥20,000 = ¥400
  • Contracts of ¥20,000 or more = ¥500

May 2008 onward =

  • At the meeting in March, June, September, and December, the board determines the trading price limit for the following 3 months. The trading price limit is determined based on the lowest price, rounded to the nearest ¥100 unit, counting fractions as one, among the upper 95% of cumulative frequency in price range distributions in the past 1 month, 3 months, and 6 months.
  • No price limits in the spot month from the 1st of the delivery month.

Notes[edit]