What a Farmer Has To Know

No Passport Needed

  • Madrid, Iowa
  • Warsaw, Minnesota
  • Mexico, Missouri
  • Versailles, Indiana
  • Milan, Indiana
  • Havana, Illinois
  • Lebanon, Missouri
  • Kansas, Illinois
  • Minneapolis, Kansas
  • Brazil, Indiana
  • Carthage, Illinois
  • Vienna, Missouri
  • Milan, Illinois
  • Jerico, Iowa
  • Versailles, Missouri
  • Lourdes, Iowa
  • Marseilles, Illinois
  • Macedonia, Iowa
  • Munich, North Dakota
  • Paris, Missouri
  • Peru, Nebraska
  • Norway, Iowa
  • Rome, Illinois
  • Palestine, Illinois
  • California, Missouri
  • Athens, Texas
  • Beverly Hills, Missouri
  • Scotland, South Dakota
  • Peru, Indiana
  • East Peru, Iowa
  • Milan, Missouri
  • Morocco, Indiana
  • Bogota, Texas

CBOT Symbols

Option Contract Symbol
Wheat Call WY
Wheat Put WZ
Corn Call CY
Corn Put PY
Oat Call OO
Oat Put OV
Soybean Call CZ
Soybean Put PZ

State Soils

California

San Joaquin soil

Illinois Drummer silty clay loam
Kansas Harney silt loam
Michigan Kalkaska soil series
Mississippi Natchez silt loam
Nebraska Holdrege series
Oklahoma Port silt loam
South Dakota Houdek soil
Wisconsin Antigo silt loam

Locks and Dams on the Upper Mississippi

  • #1 Minneapolis, Minn.
  • #2 Hastings, Minn.
  • #3 Welch, Minn.
  • #4 Alma, Wisc.
  • #5 Minnesota City, Minn.
  • #6 Trempealeau, Wisc.
  • #7 La Crescent, Minn.
  • #8 Genoa, Wisc.
  • #9 Lynxville, Wisc.
  • #10 Guttenberg, Ia.

CBOT Symbols

Futures Contract

Symbol

Wheat

W

Corn

C

Oats

O

Soybeans

S

Soybean Meal

SM

Soybean Oil

BO

Rough Rice

RR

South American Soybeans

BS

Mini - Sized Wheat

YW

Mini - Sized Corn

YC

Mini - Sized Soybeans

YK

Commodity Ticker Codes

Commodity

Ticker Code

 

CBOT

KCBOT

NYBOT

MGE

CME

Corn

C

-

-

-

-

Soybeans

S

-

-

-

-

Wheat

W

KW

-

MW

-

Cotton

-

-

CT

-

-

Live hogs

-

-

-

-

LH

Live cattle

-

-

-

-

LC

Size of contract 'limit up' and 'limit down'

Commodity

Value of "Limit Down" and "Limit Up"

Corn

20 cents per bushel

Soybeans

50 cents per bushel

Wheat

30 cents per bushel

Cotton

3 cents per pound

Live Hogs

2 cents per pound

Live Cattle

3 cents per pound

Trading Month Ticker Codes


Ticker Code

Month

F

January

G

February

H

March

J

April

K

May

M

June

N

July

Q

August

U

September

V

October

X

November

Z

December

Contract months for different commodities

Month

Corn

Soybeans

Wheat

Cotton

Live Hogs

Live cattle

January

 

+

 

 

 

 

February

 

 

 

 

+

+

March

+

+

+

+

 

 

April

 

 

 

 

+

+

May

+

+

+

+

 

 

June

 

 

 

 

+

+

July

+

+

+

+

 

 

August

 

+

 

 

+

+

September

+

+

+

+

 

 

October

 

 

 

 

+

+

November

 

+

 

 

 

 

December

+

 

+

+

+

+

New Crop Corn: When does it trade?

In this  month...

...trading will be most active in this contract month

Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.
Nov.

Dec.

Dec.
(of following year)

March
(of following year)

New Crop Soybeans: When does it trade?

In this  month...

...trading will be most active in this contract month

Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.

Nov.

Nov. and Dec.
(of following year)

Jan.
(of following year)

USDA Marketing years

Crop

Marketing year

Corn

Oct. 1-Sept. 30

Soybeans

Oct. 1-Sept. 30

Wheat, Barley

July 1-June 30

Live Hogs, Live Cattle

No marketing year

Old Crop Corn: When does it trade?

In this  month...

...trading will be most active in this contract month

Jan.
Feb.

March

March
April

May

May
June

July

July
August

Sept.

Sept.
Oct.
Nov.

Dec.

Dec.

March of following year

Old Crop Soybeans: When does it trade?

In this  month...

...trading will be most active in this contract month

Jan.
Feb.

March

March
April

May

May
June

July

July

Aug.

Aug.

Sept.

Sept.
Oct.

Nov.

Nov.
Dec.

Jan. of following year

Major U.S. Ag Commodity Exchanges

Exchange

Abbrev.

Location

Major commodities traded

Chicago Board of Trade

CBOT

Chicago, Ill.

corn, soybeans, soft red winter wheat, oats

Chicago Mercantile Exchange (“The Merc”)

CME

Chicago, Ill.

cattle, hogs, pork bellies, feeder cattle

Kansas City Board of Trade

KCBOT

Kansas City, Missouri

hard red winter wheat

Minneapolis Grain Exchange

MGE

Minneapolis, Minn.

spring wheat

Examples of Contract Ticker Codes

example

translation

LHU8

October 2008 Live Hogs

SX8

November 2008 Soybeans

CZ8

December 2008 Corn

MW8

December 2008 Minneapolis Wheat

KWN8

July 2008 Kansas City Wheat

CM8

June 2008 Corn (Oops! There’s no June corn contract...try again!)

Tick size and value

Commodity

Contract size

Tick size

Value of one tick

Corn
Soybeans
Wheat

5,000 bushels

0.25 cents per bushel

$12.50

Cotton

50,000 pounds

.05 cents per pound

$5

Live Hogs

40,000 pounds

.025 cents per pound

$10

Live Cattle

40,000 pounds

.025 cents per pound

$10

Corn Central, USA

  • Maize, Kansas
  • Cornville, Maine
  • Burnt Corn, Alabama
  • Cornville, Arizona
  • Corn, Oklahoma

Advertisement