CBOT Corn (Chicago, US) (2024)

Price quotation Price quotation for 5,000 bushels of corn (~127 tons). Price quotation in US cents per bushel

Kontraktgröße / Contract Unit

5,000 bushels

Specification

Historical closing prices

Exchange Rate (EUR / USD)

- EUR = - USD

-

$ -

Newsticker

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19.

04.24

09:59

Rapeseed can attach itself Newsticker

Rapeseed prices corrected slightly upwards yesterday. Prices for the now most traded August date moved northwards by 1.75 euros/t to 450.75 euros. The front month rose by 2.25 euros to 450.50 euros/t. Compared to the previous week and the day before yesterday, prices on the spot markets are showing weaker trends at…

19.

04.24

09:58

IGC cuts maize forecast for 2024/25 by 7 million tons Newsticker

The June corn contract on Euronext/Matif gained yesterday and ended the trading day with an increase of EUR 1.75. Since last week Friday, maize in the June futures contract has thus gained a total of EUR 2.75 per tonne. Support is coming from the wheat price. The ongoing tense situation in Ukraine is also giving corn…

19.

04.24

09:57

Demand for US wheat continues to fall short of expectations Newsticker

Wheat prices stabilized yesterday. The most traded May futures contract closed with an increase of 2.50 euros/t at a closing price of 205.75 euros/t. Farmers in southern Germany are satisfied with the development of field stocks. The local feed industry is sometimes interested in feed grain and is asking for slightly…

18.

04.24

09:49

FranceAgri Mer expects lower wheat exports Newsticker

Wheat also headed south on the Paris stock exchange yesterday. The front month of May lost 0.50 euros at a closing price of 203.25 euros/t. The following contracts lost somewhat more. The cash markets have recently seen slightly more feed grain traded again. However, volumes remain manageable, particularly in northern…

17.

04.24

08:49

Ukraine expects 27 million tons of maize harvestq Newsticker

Corn showed no consistent direction yesterday and mainly moved sideways. There was little impetus. In its second harvest estimate, the German Raiffeisen Association has slightly increased maize production compared to the March estimate and now expects a harvest volume of 4.009 million tons. In the previous year, 4.49…

17.

04.24

08:43

DRV raises German wheat forecast slightly Newsticker

Wheat prices showed little movement on the Paris stock exchange yesterday. The front month of May is unchanged from the previous day, the follow-up contracts close the second trading day of the week with marginal losses or also unchanged. On the cash markets, mainly existing contracts are being settled. New…

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ZMP Market assessment

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19.

04.24

Getreide News, 04/19/2024 Market Assessment

CBOT Corn (Chicago, US) (1)

  • Insect infestation in Argentina
  • Rising export prices in Russia
  • Uncertainties Ukrainian supply capability
  • First maize harvest in Brazil on the home straight
  • Low wheat estimate 24/24 for Europe and Germany

CBOT Corn (Chicago, US) (2)

  • Weak export demand with high competition
  • Increased global harvest forecasts for corn and wheat
  • Higher maize expectations Europe

ZMP Market Report Compact

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19.

04.24

14:18

IGC reduces 2024/25 grain estimate compared to previous month Market Report Compact

IGC updates forecast for the global grain market 2024/25 The International Grains Council (IGC) has updated its forecast for the global grain market in 2024/25 in its Apr. 24 issue. Production is estimated to be 10 million tons lower than in the previous month at 2,322 million tons. The decisive factor was the reduction in the US harvest. Global…

17.

04.24

12:46

DRV updates 2024 harvest estimate Market Report Compact

DRV renews 2024 harvest estimate at 41.23 million tons. The German Raiffeisen Association (DRV) has estimated the German grain harvest at 41.23 million tons in its new Apr.24 issue. Compared to the previous year, the result is -3.3% worse, while the year-on-year decline is -4.5%. The area under cultivation in 2024 is -2.2% below the previous year…

13.

04.24

09:05

USDA confirms grain supply for 2023/24 without major changes Market Report Compact

USDA slightly updates world grain balance for 2023/24 The US Department of Agriculture (USDA) has updated the global supply situation on the grain market for 2023/24 in its latest April edition. Production was cut by 1 million tonnes compared to the previous month and consumption remained largely unchanged. The documents show a lower ending stock…

05.

04.24

13:43

FAO updates global grain estimate Market Report Compact

FAO updates world grain harvest 2023/24 and estimates global wheat production 2024 The United Nations Food and Agriculture Organization (FAO) has updated the world grain harvest 2023/24 in its April 2024 edition. However, the corrections to the previous month's estimate are minor. Production remains 1.1% higher than last year. Stocks are expected…

28.

03.24

09:46

EU-COM estimates grain supply for 2024-25 Market Report Compact

EU COM estimates the 2024/25 EU grain harvest at 279 million t - consumption unchanged In its most recent March 24 edition, the EU COM estimated the 2024/25 EU grain harvest at just under 279 million t or +3. 4% higher than estimated last year. A slightly increased acreage and slightly higher yield expectations contributed to this. Domestic…

27.

03.24

09:02

MARS: Climate data: Difficult starting conditions for 2024 for EU crops Market Report Compact

March 2024 MARS: predominantly difficult starting conditions for crops. In its March 24 issue, the EU Commission's Agricultural Meteorological Institute (MARS) has reviewed the previous climate data with a focus on February and March 2024 with a view to the effects on the The development potential of the crops was evaluated. In large parts of…

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Press review

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19.

04.24

21:22

Press Review

Wheat and barley producers who pay check-off through Alberta Grains (formerly Alberta Barley and the Alberta Wheat Commission) and do not request a refund are eligible for a 34 per cent and eight per cent tax credit respectively through the...

19.

04.24

19:35

Enhancing corn crop nitrogen efficiency with soil scanners Press Review

Learn how modern technology enhances nitrogen management for corn crops, maximizing yields, and how the 360 Soil Scan can provide you with the information you need.

19.

04.24

19:35

Enhancing corn crop nitrogen efficiency with soil scanners Press Review

Learn how modern technology enhances nitrogen management for corn crops, maximizing yields, and how the 360 Soil Scan can provide you with the information you need.

19.

04.24

18:33

Budget 2024 Falls Short of Providing Critical Investments for Grain Farmer Press Review

Grain Growers of Canada (GGC) expressed their disappointment in several policy areas missed in Budget 2024

19.

04.24

14:28

Agriculture This Week: The future lies in robotics Press Review

Certain topics in agriculture have tended to dominate farm media – this column included – over the years. For example the protracted debate which finally led to the elimination of the Canadian Wheat Board. The Port of Churchill, and the...

19.

04.24

11:39

Enhancing farm efficiency through multi-species grazing Press Review

Employing cattle, sheep, and goats in multi-species grazing setups improves pasture health and controls unwanted vegetation naturally.

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Daten-Copyright / Haftungsausschluss

Description

Copyright © 2018. All CME market data is provided by Barchart Solutions.

Futures: At least a 10-minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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Specification

Denominierung / Currency

U.S. Dollar ($)

Minimale Preisveränderung / Minimum Price Fluctuation

1/4 of one cent (0.0025) per bushel = $12.50 TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright

Fälligkeiten / Maturities

9 monthly contracts of Mar, May, Sep and 8 monthly contracts of Jul and Dec listed annually after the termination of trading in the December contract of the current year.

Letzter Handelstag / Last trading day

Trading terminates on the business day prior to the 15th day of the contract month.

Erfüllung / Settlement

9 monthly contracts of Mar, May, Sep and 8 monthly contracts of Jul and Dec listed annually after the termination of trading in the December contract of the current year.

Schlussabrechnungspreis / Final Settlement Price

Corn Settlement Procedures

Stand / Last updated

Further specifications

Through December 2018: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a 1.5 cent/bushel discount. As of March 2019: #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium, #3 Yellow at a discount between 2 and 4 cents/bushel depending on broken corn and foreign material and damage grade factors.

The CBOT (Chicago Board of Trade) is one of the oldest financial and commodity futures exchanges based in Chicago. In 2007, the CME (Chicago Mercantile Exchange) and the CBOT were merged to form the joint CME Group Inc. The CBOT offers both electronic trading and open outcry trading on the trading floor.

Futures are available on a whole range of different underlying assets, such as corn. It is important to note that all futures are traded on futures exchanges. The exchange determines exactly what a futures contract looks like.

It is important to note that virtually all futures contracts are not physically delivered, but are generally settled by trading the offsetting position before the contract expires. Most traders only use futures to hedge the prices they pay or receive on the local market at world market prices and are not interested in physical delivery at the location specified by the exchange.

Corn is the most widely grown grain in the world. The demand for maize has risen sharply in recent years. Corn is an important resource for the production of biofuels. The most important corn-growing countries are the USA, China, Brazil and the EU. Corn is an important raw material for the production of starch, biofuels, animal feed and food. Nowadays, even compostable products made from corn flour are replacing plastic products such as disposable tableware.

Both wheat and grain maize are traded on the world's most important stock exchanges. The most important trading centers for corn are the CBoT (Chicago Board of Trade) and Euronext (MATIF) in Paris. In Chicago, corn is traded in bushels and a contract there comprises 5,000 bushels (approx. 127 tons "t").

The futures exchanges make the markets more transparent and are the first to show price developments. The effects of these price developments can be considerable. It is therefore important to be informed about the price development of agricultural commodities and to be aware of the effects. Futures exchanges support sustainable solutions and help to secure the supply of food and minimize the impact of price fluctuations.

CBOT Corn (Chicago, US) (2024)

References

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