CONTRACT UNIT

5,000 bushels

PRICE QUOTATION

U.S. cents per bushel

TRADING HOURS

CME Globex:
Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday, 8:30 a.m. - 1:20 p.m. CT

TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and Monday - Friday 8:30 a.m. - 1:15 p.m. CT

CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT

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

PRODUCT CODE

CME Globex: ZC

CME ClearPort: C

Clearing: C

TAS: ZCT

LISTED CONTRACTS

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.

SETTLEMENT METHOD

Deliverable

TERMINATION OF TRADING

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

TAM OR TAS RULES

Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.
►TAS Table

SETTLEMENT PROCEDURES

►Corn Settlement Procedures

EXCHANGE RULEBOOK

►CBOT 10

BLOCK MINIMUM

►Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

►Price Limits

VENDOR CODES

►Quote Vendor Symbols Listing

LAST DELIVERY DATE

Second business day following the last trading day of the delivery month.

GRADE AND QUALITY

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.

CONTRACT UNIT

1 futures contract for 5,000 bushels

MINIMUM PRICE FLUCTUATION

1/8 of one cent (0.00125) per bushel = $6.25

PRICE QUOTATION

U.S. cents per bushel

TRADING HOURS

CME Globex:

Sunday - Friday from 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday from 8:30 a.m. - 1:20 p.m. CT

CME ClearPort:

Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT

PRODUCT CODE

CME Globex: OZC

CME ClearPort: C

Clearing: C

LISTED CONTRACTS

Monthly contracts listed for 3 consecutive months and:
2 monthly contracts of Mar listed in July
2 monthly contracts of May listed in September
2 monthly contracts of Sep listed in March
6 monthly contracts of Jul and Dec listed in Novenber

TERMINATION OF TRADING

Trading terminates on Friday which precedes, by at least 2 business days, the last business day of the month prior to the contract month.

EXCHANGE RULEBOOK

►CBOT 10A

BLOCK MINIMUM

►Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

►Price Limits

VENDOR CODES

►Quote Vendor Symbols Listing

STRIKE PRICES STRIKE PRICE INTERVAL

►Strike Price Listing and Exercise Procedures Table

SETTLEMENT METHOD

Deliverable

UNDERLYING

Corn Futures