[ More Corn News ] Contract Specifications:ZC,CBOT Trading Unit: 5,000 bushels Tick Size: 1/4 cent/bushel ($12.50/contract) Quoted Units: US $ per bushel Initial Margin: $2,025 Maint Margin: $1,500 Contract Months: Mar, May, Jul, Sep, Dec First Notice Day: Last business day of ...
A 12-billion-bushel corn crop brings a price of $2.4 bushel. A commodity broker uses the following rule of thumb: If the crop is reduced by x percent, then the price increases by 10x cents. Which crop size results in maxim...
usedtomakeotherfoodincludingbreakfastcereal,cornflourormeal,cornsweetener,and cornoil.Itservesbothasfoodforpeopleandfeedforlivestock–whichsubsequentlybecomes foodforpeopleintheformofpoultry,pork,andbeef. Abusheloffieldcorncanbeusedtoproduceabout2.77gallonsofethanol[2–6].A ...
rice, corn, soybeans, and cotton.(1)According to the U.S. Agricultural Census, these five crops accounted for 67% of harvested crop land in the United States in 2002.(2)Certain common characteristics make a general description of market price formation relevant...