futures corn prices
corn futures prices are determined in two places - in Russia on a commodity exchange in St. Petersburg and in the U.S. on the international Chicago Mercantile site CBOT (which is a part of CME Group).
corn futures prices in Russia
In Russia the cost of corn is set with the help of a futures contract on the it circulating on the St. Petersburg commodity exchange. Current quotations of futures visible in the online box on the left, the value is expressed in roubles per 1 ton (1 ton = 1000 kg).
At the same time to exchange addresses several of futures on corn, but they all have different terms of (how to know the time of execution of the code).
These futures are design tools, i.e. on the date of their execution only occur mutual payments between participants of the transaction in relation to the price (the actual delivery of agricultural goods does not happen). Performed Russian contracts every three months.
The domestic price of corn moving synchronously with the international value, but is primarily on the basis of the demand and supply of the goods inside the country.
corn futures prices on the international stock exchange CBOT in the United States
The value of the international futures for this product is reflected in cents for a 1 bushel; the whole volume of the contract is 5000 bushels. The contract has the designation «CORN» and involves the delivery of желтозерной corn №2.
