Yellow Corn50
Corn is a main raw material of livestock feed and is also necessary in daily life as the main raw material in production of processed food such as cornstarch, cornflake, isomerized sugar, alcohol etc.. Currently the world corn production is approximately 1.1 billion tons, and is one of the three major grains in the world along with wheat and rice. U.S. is the world’s prominent corn producer, followed by Brazil and Argentina. Even in the U.S.. corn is mainly produced in the Corn Belt area (covers states such as Iowa, Illinois, Indiana) in the middle west of the U.S..
Further, the market price of corn sensitively reflects the acreage size and the weather of the growing season of the it of the U.S. for it’s huge production amount. Furthermore, the amount of corn imported to Japan is three times the amount of that of wheat, and five times the amount of that of soybeans. Also, corn is the most imported agricultural products in money amount. As you can assume from above, Japan imports approximately 80% of it’s corn from the U.S., and is one of the most imported goods from U.S. in money amount.
Yellow Corn50 Futures
Launched |
April, 2020 |
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Type of Trade |
Physically Delivered Futures Transaction |
Standard Grade Material |
Yellow corn produced in U.S.A. |
Deliverable Materials |
Yellow corn produced in U.S.A. Yellow corn produced in Brazil |
Delivery Points |
The piers of Kashima or Shibushi ports |
Delivery Method |
Physical delivery (CIF Japan) |
Delivery Period |
1st day to the last day of the current contract month |
Contract Size |
1 unit (50,000㎏) |
Deliverly Size |
1 unit (50,000㎏) |
Price Quotation |
1,000㎏ |
Minimum Price Fluctuation |
10 yen |
Delivery Months |
January, March, May, July, September, November within a 14 month period |
Last Trading Day |
15th of even months (if the last trading day falls on a holiday, it shall be moved forward to the preceding business day) |
Start Day of New Delivery Month |
Next business day of the Last Trading Day of the current contract month |
Delivery Day |
The previous business day of the first day of the delivery period |
Trading Hours |
9:00 A.M. To 3:00 P.M.(JST) |
Price Limit |
1,000 yen |