Cme corn futures the CME corn futures contract for

The CME corn futures contract for September traded at $4.73, supported by strong basis levels across the Midwest. Cash market firmness is feeding into futures pricing stability. Which leaves us with futures spreads. As you know, I use the price relationship between futures contracts to indicate how the commercial side is position based on its long-term fundamental outlook. A quick recap of what we’ve seen this past year: Micro Corn (MZC) futures , Micro Wheat (MZW) futures , Micro Soybean (MZS) futures, Micro Soybean Meal (MZM) futures and Micro Soybean Oil (MZL) futures were launched on February 24, 2025, with the first weeks of trading already providing meaningful liquidity. Today’s CME corn futures market saw increased volume as funds rolled contracts forward into December, keeping spot prices near $4.