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Well, considering that no one has tried to answer your question ..... I will.

Corn, as a commodity, trades in contracts. The contracts are listed by the month. When a contract is bought or sold, it is called by the month for that price ..... such as October wheat , or Nov. wheat ... or in this case, October corn, November Corn , or December Corn.

The farther in to the future the contract is, the more chance of bigger gains or losses. Like buying or selling March Corn .... today. You would have to speculate much more about the price of corn in March .... than you would about Nov. Corn ..... because it is much farther away .. time wise.

Typically , the prices quoted need to be associated to their proper month.... BUT in general , when prices are referred to , the prices spoken of are for the next month or 2 months contracts. Soooo , corn prices referred to today , would most likely be representative of Nov. or December price contracts .... and thus, if there is a drop in that price, you will see the drop at the store in that respective month.....

IE ... if Dec. corn drops to 450.00 , then you will see the respective price drop at the store , in December. If it dropped on the 12 th , then it will drop around the 12 th of the respective months contract.

Hope this helps

God bless

MET
 

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Discussion Starter · #19 ·
Well, considering that no one has tried to answer your question ..... I will.

Corn, as a commodity, trades in contracts. The contracts are listed by the month. When a contract is bought or sold, it is called by the month for that price ..... such as October wheat , or Nov. wheat ... or in this case, October corn, November Corn , or December Corn.

The farther in to the future the contract is, the more chance of bigger gains or losses. Like buying or selling March Corn .... today. You would have to speculate much more about the price of corn in March .... than you would about Nov. Corn ..... because it is much farther away .. time wise.

Typically , the prices quoted need to be associated to their proper month.... BUT in general , when prices are referred to , the prices spoken of are for the next month or 2 months contracts. Soooo , corn prices referred to today , would most likely be representative of Nov. or December price contracts .... and thus, if there is a drop in that price, you will see the drop at the store in that respective month.....

IE ... if Dec. corn drops to 450.00 , then you will see the respective price drop at the store , in December. If it dropped on the 12 th , then it will drop around the 12 th of the respective months contract.

Hope this helps

God bless

MET
That is more than I could have asked for. Thank you!

Looks like corn rebounded quite a bit today.
 
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