What time do corn futures close?
| Product Name | Pre-Open CME Globex (Sunday) | CME Globex (Weekday) |
| Corn Futures | 16:00 | 19:00-7:45 08:30-13:20 |
| Corn Options | 16:00 | 19:00-7:45 08:30-13:20 |
| Mini-sized Corn Futures | 16:00 | 19:00-7:45 08:30-13:45 |
| Corn Futures Contract Specifications | |
|---|---|
| Trading Hours | Sunday – Friday 7:00 p.m. – 7:45 a.m. CT and |
| Monday – Friday 8:30 a.m. – 1:20 p.m. CT | |
| Minimum Price Fluctuation | 1/4 of one cent per bushel ($12.50 per contract) |
| Product Code | CME Globex: ZC |
What is the average open interest in corn futures?
The average open interest on corn futures contracts is well over 1.5 million. This deep liquidity allows traders to enter and exit the market with ease and minimal slippage costs. Corn futures are CFTC regulated and traded on the exchange with central clearing.
Should you invest in corn futures?
For years, the futures market has been dominated by investments in the leading indices. In the last decades, however, traders started focusing on commodities, and the grain market in particular, as a way to diversify their portfolios with a high-potential investment opportunity. One of the preferred commodity investments is corn.
What are the trading hours for futures and options?
Although there are trading breaks each weekday from 4:15 to 4:30 p.m. and from 5:30 to 6 p.m., there are also different global trading hours for various contracts that extend through the night in the U.S. For details, visit the CBOE website and search for global trading hours.
When is the best time to buy corn?
During the late June to early July period, corn usually hits its peak price levels for the year. Mid-to-late July is when corn goes through its pollination phase, and moisture and temperature levels are critical.
What time does the futures market close?
8:30 a.m. – 3:00 p.m.
What are the corn futures today?
Key DataLabelValueLast784.5Prior Settlement788.2552 Week High818.2552 Week Low495.753 more rows
What are the grain trading hours?
Trading Hours CME Globex: 7:00 p.m. – 7:45 a.m. CT, Sun – Fri and 8:30 a.m. – 1:20 p.m. CT, Mon – Fri (Settlement remains 1:15) Trading in expiring contracts closes at noon on the last trading day.
Do futures trade 24 7?
While trading in the U.S. stock market is most active from 9:30 a.m. to 4:00 p.m. ET, stock index futures trade nearly 24/7. The rise or fall in index futures outside of normal market hours is often used as an indication of whether the stock market will open higher or lower the next day.
What's today's corn price?
The current price of corn as of June 23, 2022 is $7.4675 per bushel.
How do you read corn futures?
Thus, if corn was trading at $4.15 1/4 (four dollars and fifteen and a quarter cents) the price would be displayed on a quote board as simply 415'2. The two represents the un-reduced fraction 2/8. If corn futures ticked lower, the new price would be 415, or $4.15.
Do commodities trade 24 7?
You can trade commodities nearly 24 hours a day during the workweek.
What time does overnight grain trading start?
Current CME Globex hours for Grains and Oilseeds are 6:00 p.m. - 7:15 a.m. and 9:30 a.m. - 1:15 pm. CT, Sunday through Friday.
How are corn futures settled?
If the last trade price is outside of the bid/ask spread, then the contract settles to the nearest bid or ask price. If the last trade price is within the bid/ask spread or if a bid/ask is not available, then the contract settles to the last trade price.
Can I trade futures at night?
Futures markets trade nearly 24 hours a day, 6 days a week, from 6:00 p.m. EST on Sunday to 5:00 p.m. Friday. Compared to stock & ETF traders' relatively shorter trading session of only 6.5 hours / 5 days a week, futures traders have ample time to trade.
Are futures high risk?
Futures, in and of themselves, are not any riskier than other types of investments, such as owning equities, bonds, or currencies. That is because futures prices depend on the prices of those underlying assets, whether it is futures on stocks, bonds, or currencies. Moreover, futures tend to be highly liquid.
Why do futures trade after-hours?
It allows investors to buy and sell securities outside of regular trading hours. Trades in the after-hours session are completed through electronic communication networks (ECNs) that match potential buyers and sellers without using a traditional stock exchange.
Features and benefits
With 350,000+ traded per day on average and OI peaking at 1.7 million, enter/exit positions with ease.
Key economic reports and factors that move markets
Across the world, the local weather in specific growing regions may impact the supply and thus the price of corn.
Courses
If you're new to futures, the courses below can help you quickly understand the Corn market and start trading.
Contact an Agricultural expert
Connect with a member of our expert Agricultural team for more information about our products.
What is the purpose of corn futures?
Corn futures are also enjoyed by speculators, whose primary goal is to benefit from the price movements and the market’s volatility.
Why is corn futures important?
This is important as trading is a world where market sentiments clash. To perform efficiently on the financial markets, you must know the rest of the participants and their behavior. Corn futures are a preferred investment choice by consumers and producers in the first place.
How long does it take for corn to harvest?
Bear in mind that corn crops take anywhere from 60 to 100 days to reach harvest. More often than not, it should be no surprise to hear the name Chicago Board of Trade mentioned when talking about corn trading. The reason is that the CBOT is the top corn futures trading destination worldwide.
How much corn does Iowa produce?
Iowa produces 2.7 billion corn bushels per year, or approximately 67.5m. This is more than South Africa, Indonesia, Canada, and India Put together. It’s even larger than the total production of the EU region.
What determines the price of corn futures?
There are plenty of factors that determine the price of corn futures. While some are visible from the surface (weather conditions, supply and demand, and more), others remain in the shadows but can influence the price just as much.
What is corn used for?
Other than as a source of food, corn is also used to produce ethanol, tires, whiskey, beer, paints, fodder, shampoo, toothpaste, pharmaceutical products (antibiotics and aspirin), and more.
Is corn futures regulated?
Corn futures are CFTC regulated and traded on the exchange with central clearing. As a result, the counterparty risk is minimal. This makes for a safe and secure trading marketplace.
