Category
Agricultural
Exchange
CBOT (CME Group)
Contract Size
5,000 bushels of corn
Symbol
ZC
CBOT Corn futures (ZC) are a benchmark for the global grain market. Corn is the world's most widely produced cereal grain with uses spanning food, animal feed, and ethanol production. Prices are driven by planting reports, weather patterns, USDA crop reports, and ethanol mandate policies.
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Sun 19:00 – Fri 14:20 CT. Day session 08:30–13:20 CT. Electronic session (Globex) more limited.
Day trading margins ~$500–$1,000. Exchange maintenance margin ~$1,500–$2,000.
CBOT Wheat futures (ZW) track the price of soft red winter wheat, a major food staple. Wheat prices are sensitive to weather, geopolitical events (Black Sea region supply), and USDA inventory reports. Three types of wheat futures exist: SRW (CBOT), HRW (KC), and spring wheat (MGEX).
ICE Sugar No. 11 futures are the world benchmark for raw cane sugar pricing. Sugar prices are influenced by Brazilian production (the largest producer/exporter), ethanol blend mandates (which divert cane from sugar to ethanol), monsoon seasons in India, and trade policies.
CBOT Soybean futures (ZS) are a staple of the agricultural commodities market. Soybeans are processed into meal (animal feed), oil (cooking and biodiesel), and are heavily traded between the US, Brazil, Argentina, and China. The soybean complex (beans, meal, oil) offers numerous spread-trading opportunities.
Live Cattle futures track the price of fed cattle ready for slaughter. The cattle market is influenced by feed costs (corn), consumer demand, and cattle-on-feed reports. Cattle futures can be volatile around USDA reports and seasonal demand shifts. The cattle crush (feeder cattle → live cattle) is a popular spread trade.