In commodity trading terminology, Corn refers to a tall cereal grass which grows kernels on ears and is used for food for humans and animals. Corn grows throughout the world and has been the predominant cereal for centuries in Mexico and Central America. Corn futures are traded on the Chicago Board of Trade.
Corn futures are traded under the symbol C from 9:30 AM until 2:15 PM Monday thru Friday on the CBOT. The contract size is for 5,000 bushels and quotes are in U.S. Dollars and cents with a minimum fluctuation of ¼ cent per bushel or $12.50 per contract. Contract months are March, May, July, September and December. The last trading day is the business day prior to the 15th calendar day of the contract month.