CORN (CCN)
The value of one future contract of Corn is 50 x the value of the corn-price.
The contracts is traded on CME
Contract specifications
- Underlying value : corn
- Contract size : 5,000 bushels
- Value of the contract : corn price of one bushel x 5.000
- Minimum fluctuation : 0,0025 (= $ 12,50 per contract)
- Settlement type : physical
- Periodicity : March, May, July, September and December
- Delivery Period : the business day prior to the 15th calendar day of the contract month.
Trading example :
- Corn at 359,25 at the 2th of february
- The underlying value of one future contract for 'corn' is 359,25 cent per bushel x 5.000 = $ 17.962,50
- Buy at 359,25 and sell at 365,25 .
- Profit: 6 cent x 5.000 = $ 300
