What is the historical price of corn per bushel?
Interactive chart of historical daily corn prices back to 1959. The price shown is in U.S. Dollars per bushel. The current price of corn as of June 16, 2022 is $7.8825 per bushel.
What factors affect the price of corn?
The price of corn is affected by the ethanol market, crude oil prices, Chinese demand, the US Dollar, and climate.
What is the value of the price move in terms of corn?
Based on this, the value of the price move in terms of a single standard corn futures contract is as follows: For a full-size corn futures contract (5,000 bushels) – a one-cent movement is equal to $50 For a micro-size corn futures contract (1,000 bushels) – 20% of the full contract (or $10)
Why trade corn futures?
Access a central, transparent point of global price discovery with Corn futures. Profit from or hedge against price movements in the United States' most widely grown crop. Corn futures are the most liquid and active market in grains, with 350,000 contracts traded per day.
How is corn sold on the stock market?
How to trade corn futures. Corn futures are traded electronically on the Globex® platform from 8:00 p.m. U.S. ET to 2:20 p.m. U.S. ET on the following day, at 5,000 bushels per contract. An account approved to trade futures is required in order to trade corn futures.
What is corn price per ton?
StatsValue from Last Month263.17Value from 1 Year Ago285.35Change from 1 Year Ago-8.48%FrequencyMonthlyUnitUSD per Metric Ton4 more rows
Is corn traded in bushels?
The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September 2012. The contracts were trading near $6 per bushel at the start of the year.
How many pounds is a corn contract?
This makes it easy to trade. For instance, one standard contract of corn will always equal 5,000 bushels and one contract of feeder cattle will always equal 50,000 lbs.
How much is corn selling for?
The price shown is in U.S. Dollars per bushel. The current price of corn as of June 23, 2022 is $7.4675 per bushel.
How much is a bushel of corn in lbs?
56 PoundsSection 600.TABLE B Standard Weight Per Bushel for Agricultural CommoditiesAlfalfa SeedPer Bushel60 PoundsCorn, ShelledPer Bushel56 PoundsCotton SeedPer Bushel32 PoundsCranberriesPer Bushel33 PoundsCucumbersPer Bushel48 Pounds61 more rows
How many bushels of corn are in a ton?
39.3680Bushel Equivalents Per TonneGRAINEQUIVALENTCanola/Rapeseed44.0920Corn39.3680Faba Beans 236.7440Soybeans36.744012 more rows
How is grain sold?
All grains are traded in bushels, with control prices quoted as cents-per-bushel. A futures contract involves 5,000 bushels, and these contracts are quoted as price-per-bushel.
What is corn price per bushel?
The $7.39 average was the highest of all prices since 2001. In May, the fall delivery price for central Illinois averaged $3.74 per bushel from 2001 to 2021 as shown in the “Fall Delivery Bid” column.
Can you buy corn on the stock market?
Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares. Choose an order type. Invest in the corn stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price. Buy the stock.
What is bushel of corn?
An 8-inch ear of corn contains about 0.50 lb equivalent of shelled corn grain; therefore, 112 8-inch ears would equal 1 bushel (1 bushel = 56 pounds). By counting the number of ears, the amount of corn can be estimated.
What is the limit up for corn?
For corn futures, the limit up is a $0.40 price movement from the previous close. If the price of corn increases beyond this limit, then trading in corn futures is halted for the rest of the trading day.
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What determines the price of corn futures?
There are plenty of factors that determine the price of corn futures. While some are visible from the surface (weather conditions, supply and demand, and more), others remain in the shadows but can influence the price just as much.
How much corn does Iowa produce?
Iowa produces 2.7 billion corn bushels per year, or approximately 67.5m. This is more than South Africa, Indonesia, Canada, and India Put together. It’s even larger than the total production of the EU region.
Why is corn futures important?
This is important as trading is a world where market sentiments clash. To perform efficiently on the financial markets, you must know the rest of the participants and their behavior. Corn futures are a preferred investment choice by consumers and producers in the first place.
How long does it take for corn to harvest?
Bear in mind that corn crops take anywhere from 60 to 100 days to reach harvest. More often than not, it should be no surprise to hear the name Chicago Board of Trade mentioned when talking about corn trading. The reason is that the CBOT is the top corn futures trading destination worldwide.
What is the purpose of corn futures?
Corn futures are also enjoyed by speculators, whose primary goal is to benefit from the price movements and the market’s volatility.
What is corn used for?
Other than as a source of food, corn is also used to produce ethanol, tires, whiskey, beer, paints, fodder, shampoo, toothpaste, pharmaceutical products (antibiotics and aspirin), and more.
Is corn futures regulated?
Corn futures are CFTC regulated and traded on the exchange with central clearing. As a result, the counterparty risk is minimal. This makes for a safe and secure trading marketplace.
Features and benefits
With 350,000+ traded per day on average and OI peaking at 1.7 million, enter/exit positions with ease.
Key economic reports and factors that move markets
Across the world, the local weather in specific growing regions may impact the supply and thus the price of corn.
Contact an Agricultural expert
Connect with a member of our expert Agricultural team for more information about our products.
Teucrium Corn Fund (CORN)
For sophisticated traders, the purchase of corn futures contracts is the asset of choice due to the leverage and inherent type of commitment of buying or selling a particular commodity at a predetermined price.
Archer-Daniels-Midland Company (ADM)
When it comes to trading changes in corn prices, one of the companies that most traders turn to first is Archer-Daniels-Midland Company ( ADM ). Founded in 1902, ADM is one of the dominant players in agriculture commodities, products, and ingredients.
Bunge Limited (BG)
Another dominant player in the agricultural commodities space is Bunge Limited ( BG ). As a rival to Archer-Daniels, it is not uncommon for traders to also look to Bunge for clues about the underlying market fundamentals and potential direction of the broader agribusiness sector.
The Bottom Line
Agriculture commodities such as corn have been the focus of many active traders over the past several weeks due to factors such as weather conditions and increased demand.
8 corn stocks to watch
We round up a selection of stocks in or related to the grain industry, weighting the list more heavily towards popular mid- and large-cap US stocks.
Take a deeper dive into corn stocks
If you're interested in investing in the grain industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.
How to buy corn stocks
Sign up with an online broker or platform to invest in one or more of these corn stocks.
Compare trading platforms
Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in corn stocks.
Bottom line
While it’s possible to turn a profit investing in corn stocks, keep in mind that — like any investment — corn stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the grain industry, so carefully vet your picks before you invest.
