Corn Futures contracts exist for the months of March (H), May (K), July (N), September (U) and December (Z).
Corn futures slumped to a fresh five-year low Tuesday after the U.S. Department of Agriculture reported larger-than-expected stockpiles of the grain.
Wheat and soybean prices also fell.
The Agriculture Department, in a closely watched quarterly report, said corn in U.S. storage bins totaled 1.236 billion bushels on Sept corn futures prices. 1, up from just 821 million bushels a year earlier. Analysts surveyed by The Wall Street Journal expected the government to peg stockpiles at 1.181 billion bushels.
Corn stockpiles likely topped expectations because demand for feed grains from livestock producers was lower than expected, analysts said. They noted that U.S. supplies of hogs and cattle that are fattened on corn have declined this year, due to a deadly disease afflicting young pigs and a prolonged drought in Plains states, where beef cattle are raised.
“We’re just not feeding as much corn as we thought we would,” said Karl Setzer, an analyst with MaxYield Cooperative in West Bend, Iowa.
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Historical continuous contract data is available from 01-Jul-1959 to 09-Oct-2015.