Corn Futures and Options Trading

Corn Futures

Contract Size
5,000 bu

Deliverable Grades
No. 2 Yellow at par, No. 1 yellow at 1 1/2 cents per bushel over contract price,
No. 3 yellow at 1 1/2 cents per bushel under contract price

Tick Size
1/4 cent/bu ($12.50/contract)

Price Quote
Cents and quarter-cents/bu

Contract Months
Dec, Mar, May, Jul, Sep

Last Trading Day
The business day prior to the 15th calendar day of the contract month.

Last Delivery Day
Second business day following the last trading day of the delivery month.

Trading Hours
Open Outcry: 9:30 a.m. - 1:15 p.m. Chicago time, Mon-Fri. Electronic (a/c/e): 8:30 p.m. - 6:00 a.m. Chicago time, Sun.-Fri. Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols
Open Outcry: C
Electronic (a/c/e): ZC

Daily Price Limit
20 cents/bu ($1,000/contract) above or below the previous day's settlement price.
No limit in the spot month (limits are lifted two business days before the spot month begins).