Corn derivatives

Corn futures and options

Corn derivatives

Euronext Corn derivatives

Euronext’s corn contracts are actively traded by cooperatives, merchants, trade houses and processors such as animal feed compounders and starch manufactures.

Key Corn facts
1) Corn is a cereal crop, a member of the grass family.
2) Corn is grown around the world and is one of the globe's most widely used food staples.
3) Corn varieties are directly used for food and animal feed, or processed to make food and feed ingredients (such as high fructose corn syrup, corn starch and lysine) or industrial products such as ethanol and polylactic acid (PLA).

Access delayed prices and download contract specifications

Corn Futures contract specifications
Corn Options contract specifications

Corn Production, Trade and Use
Corn oil
, which is extracted from corn germ, has high polyunsaturated fatty acid content and oxidative stability. Its largest single use is in bottled oil for consumer use, followed by margarine and industrial snack-frying operations.

Corn kernel processing
There are two basic methods employed in processing corn kernels:

  • Dry milling is the process in which corn is separated into flour, corn meal, grits and other products by soaking corn kernels in water, then removing the germ for processing into oil. The remaining parts of the kernel are ground and sieved into various fractions.
  • Wet milling is the process by which corn is separated into starch (syrup, ethanol, corn starch), germ (oil), and fibre and gluten (animal feed) by soaking corn kernels in water (and often sulphur dioxide) before separating them into the components above by grinding and centrifuge.

Corn oil refining process
By removing free fatty acids and phospholipids from crude corn oil, the oil refining process gives corn oil one of the qualities consumers value most: its excellent frying quality and resistance to smoking or discoloration. It also has a pleasant taste and resists developing off-flavours.

In addition, refiners produce starches, sweeteners and ethanol, all made from the starch portion of the corn.

  • Corn starch, which is derived from the endosperm of the corn kernel, is a mainstay of the corn refining industry and has a wide range of industrial and food applications.
  • Corn syrup is a sweetener made by processing corn starch with enzymes or acid to create a dextrose solution. High fructose corn syrup (HFCS) is further processed to increase its sweetness. Since HFCS is stable and cheaper to produce than ordinary sugar, it has largely replaced sugar in processed foods and soft drinks.
  • Ethanol, an alcohol that has many industrial uses, is another major refined corn product. In recent years, it has become an increasingly important source of fuel for internal combustion engines.

To find out how these contracts can help in your hedging or investment strategies, please contact us:
commodities@euronext.com