...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
This page provides the following information for Corn settlements:
| Table of Contents | ||
|---|---|---|
|
Corn Futures
Normal Daily Settlement
CME Group staff determines the daily settlements in CBOT Corn (ZC) futures on futures on trading activity on CME Globex between 13:14:00 and 13:15:00 Central Time (CT), the settlement period.
| Insert excerpt | ||||||
|---|---|---|---|---|---|---|
|
Product | Maximum Spread Bid/Ask |
|---|---|
Corn (ZC) | 12 Ticks |
Final Settlement Calculation for Expiring Contract
...
http://www.cmegroup.com/rulebook/CBOT/II/10/10.pdf
Mini-Sized Corn Futures
Normal Daily Settlement
The settlement in the CBOT Mini-Sized Corn (XC) futures contract is derived directly from the settlement in the regular-sized CBOT Corn (ZC) futures contract.
Example
If the ZCZ2 settles 761’4, then the settlement for the corresponding mini-sized contract, XCZ2, would also be 761’4.
Final Settlement
The final settlement in the CBOT Mini-Sized Corn (XC) futures contract is derived directly from the final settlement in the regular-sized CBOT Corn (ZC) futures contract.
For example:
If the ZCZ2 settles 761’4, then the settlement for the corresponding mini-sized contract, XCZ2, would also be 761’4.
Additional Details
CBOT Mini-Sized Corn (XC) futures are physically delivered upon expiration. For additional details on delivery, please see the CBOT Rulebook (Chapter 10B).
Limit Markets
If the lead month trades exclusively at its limit price or is locked limit during the closing period, and the contract settles at the limit price. In this event, the next listed contract that is not at limit will be used as the anchor price for determining the settlement prices of the other contracts; however, no contract will settle through its price limit and any contract that trades exclusively at its limit price or is locked limit during the closing period will settle at its limit price. When price limits are lifted on a spot month contract and the other months in that contract are locked limit, the spot month will settle based upon the outright activity in the spot month rather than on spread relationships.
| Include Page | ||||
|---|---|---|---|---|
|