The greatest use for corn is as a basis for livestock and poultry feed. But corn also serves as an important ingredient in many of the foods we eat every day - corn oil for margarine, corn starch for gravy, and corn sweeteners for soft drinks, just to name a few. Nonfood uses of corn include alcohol for ethanol fuel, absorbing agents for disposable diapers, and adhesives for paper products.
Corn futures, Chicago Board of Trade, symbol C. This contract covers 5,000 bushels. The minimum tick is 0.25, worth $12.50 per contract.
Trade electronically on the Globex platform from 8:00 p.m. U.S. ET to 2:20 p.m. U.S. ET on the following day. Please note that there is a maintenance period from 8:45 a.m. U.S. ET until 9:30 a.m. U.S. ET during which trading is halted.
Principal trading months for corn futures include March, May, July, September, and December.