Mini Sized Corn

Mini Sized Corn Meaning:
In commodity trading terminology, Mini-Sized Corn refers to futures contracts which are one-fifth the size of regular corn futures contracts. Corn is 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. Mini Sized Corn futures are traded on the Chicago Board of Trade.

Mini Sized Corn Example:
Mini-Sized Corn futures are traded from 9:30 AM until 1:45 PM CST Monday thru Friday on the Chicago Board of Trade (CBOT) and on the Chicago Mercantile Exchange’s (CME) Globex electronic trading platform. Mini-sized Corn contracts are similar to full-sized Corn futures contracts except for the size which is 1,000 bushels. Quotes are in U.S. Dollars and cents with a minimum fluctuation of 1/8 of one cent per bushel or $1.25 per contract. The symbol for Mini-Sized Corn futures is YC for regular trading sessions and XC for electronic trading sessions.