Corn Rate Today - Live Price Feeds & Historical Data
Corn forex is an agricultural commodity and is one of the most widespread and consumed cereal crops in the world. A corn futures contract is mainly of interest to producers of agricultural products, buyers of semi-finished products, and processing factories. The most active trading of corn futures contracts takes place on the CBOT (a division of the CME Chicago Mercantile Exchange).
The United States is considered the largest corn producer with a 2013 crop estimated at a record 13.99 billion bushels, leaving China and Brazil in second and third places, respectively. The rise in the cost of corn per bushel will occur if the authorities (mainly the United States and China) announce a smooth monetary policy or cut interest rates.
Coin rate is also influenced by:
force majeure (natural disasters, military conflicts, changes in the tax base, political risks, etc.);
Corn forex and wheat are closely related to each other. Because these cereals are grown in the same countries. In addition, there is a connection between the corn spot price and meat, because this crop serves as animal feed.
What is a bushel of corn?
Like grains, the exchange unit of measure for corn on many marketplaces is the bushel. In ancient times, such a system was invented for convenience, so as not to weigh each product, and sell it not by weight, but by volume.
How much corn is in a bushel? 1 bushel of corn equals 25.4 kg. The minimum batch size is 5000 bushels or 127 tons.
Regarding corn futures trading hours, you can trade corn forex electronically Monday through Friday from 8:30 am to 1:15 pm. At CME - from Mon. on Fri. - from 8:30 to 13:15, and from Sun. on Fri. - from 19:00 to 07:45.
Corn market prices
Corn futures are among the ten most demanded contracts in the agricultural market. If we make a comparative corn market analysis with other common agricultural assets, we can see that corn value per bushel is twice as high as soybeans and legumes.
Looking at the corn price graph, the price of corn today is three times higher than that of wheat. The bar chart of corn futures shows the dynamics of the corn price now.
Wondering how to invest in corn and how to buy corn? Investing in corn forex and other commodities is available through the following tools:
If a trader wants to invest in corn, we recommend working only with a reliable and trusted corn broker. With the wrong corn broker, you are risking your capital. We have listed somereliable forex brokers to help you make the right choice.
Corn futures news
As previously mentioned, socio-economic issues, political landscape, and financial prospects at the global level can affect corn futures quote. In addition, you will also need to monitor the weather or any other sign that will affect the production, price of corn, and its place in the market.
For example, any political unrest from major corn producers such as China or Brazil could affect the market. In other scenarios, Middle East policy will affect the price of crude oil and, as a result, corn price per bushel.
You might think that this fundamental corn market analysis covers almost all types of corn price news and will take all of your time. This is why AtoZMarkets is designed to provide you trading newswith relevant corn futures news in real-time. In addition to corn pricenews, we educate our readers on how to invest in corn.