Corn futures are a type of financial contract that allows buyers and sellers to lock in a price for corn at a future date. This can be useful for farmers who want to ensure they will receive a fair price for their crops, or for businesses that need to purchase corn at a certain price to meet their production needs.
Corn futures are traded on the Chicago Mercantile Exchange (CME). The most active corn futures contract is the December contract, which represents the price of corn that will be delivered in December of the current year. Other corn futures contracts are available for delivery in March, May, July, and September.