The underlying instrument for CORNF is the Corn Futures contract.
Corn is a cereal grain predominantly produced in the United States. Corn’s price is driven largely by the demand for Corn ethanol (a renewable fuel source), climate in areas of large production (US, China, South America) and is often correlated with the performance of the US Dollar as well as both the Commodity and Energy sectors.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. FXCM expiration dates and current reference month for CORNF are located in the FRIEDBERG DIRECT CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the ‘FXCM Expiration’ will be closed at our bid/offer at 17:00 New York time for CORNF, which means the client will realise any floating P/L at the time it is closed. When CORNF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
CORNF has a target spread of 11.6 pips/points
Max Contract Size
The maximum number of contracts per click (trade) for CORNF is 500
Minimum Pip Cost (Value)
CORNF has a minimum value of 0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 0.10 price movement on CORNF is 1 pip/point. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
50 Friedberg Direct CORNF contracts are currently equivalent to one Corn Future.
CORNF has no financing cost (Rollover).