Trading Peanut Kernels Futures and Corn Futures
Being popular commodities, Peanut Kernels and Corn Futures stand as two of the most actively traded futures in the global market. Traders can trade both Peanut Kernels Futures and Corn Futures through Orient Futures Singapore.
The Zhengzhou Commodity Exchange (ZCE) offers Peanut Kernels Futures that are accessible for international traders to trade. To do so, international traders need to trade through an overseas intermediary, such as Orient Futures Singapore, utilizing the QFI China scheme or Internationalized products.
Similarly, the Chicago Board of Trade (CBOT) offers Corn Futures, enabling traders to participate in trading corn futures.
Beyond these commodities, both ZCE and CBOT offer a wide array of other futures contracts for traders to consider. These commodities futures include Rapeseed Oil futures, Soybeans futures, PTA futures, and more.
This article aims to provide updates for ZCE Peanut Kernel Futures and CBOT Corn Futures for the month of April 2024.
ZCE Peanut Kernels Futures Contract Specification
The ZCE Peanut Kernels Futures Contract has the following specifications:
The ZCE Peanut Kernels Futures Contract has a minimum price fluctuation of CNY 2/metric ton.
Contract months are January, March, April, October, November, and December
The last trading day of the contract month is the 10th trading day of the delivery month.
Zhengzhou Commodity Exchange trading hours are from Monday to Friday, at these trading hours:
Monday to Friday (except public holidays)
9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. (Beijing time)
ZCE Peanut Kernels Futures symbol: PK
CBOT Corn Futures Contract Specification
The CBOT Corn Futures has the following specifications:
The contract unit for the Corn Futures Contract is 5,000 bushels, with a minimum price fluctuation of ¼ of one cent (0.0025) per bushel/$12.50.
Contract months are Mar, May, July, September, and December.
The last trading day of the contract month is the business day prior to the 15th calendar day of the contract month.
CBOT Market Trading Hours are from Sunday to Friday, at these trading hours:
7:00 pm – 7:45 am, 8.30am – 1.20pm (CST)
CBOT Corn Futures symbol: ZC
Peanut Kernel Futures News
According to CN Gold, the price of the ZCE Peanut Futures contract was 8978 yuan per ton as of April 19th, which was an increase of 0.36% compared to the previous day.
The report states that peanut prices in producing areas in China are generally strong, with transactions occurring at relatively high prices. In the Baisha peanut production area of Henan Province, the average purchase price for bulk peanuts is around 4.80-5.10 yuan/jin, up by 0.05-0.10 yuan/jin compared to the previous trading day. The highest prices are seen in the Huanglu area of Nanyang, while the lowest prices are observed in the Zhumadian area.
In Liaoning, the average purchase price for bulk peanuts is 5.10-5.20 yuan/jin, up by 0.10-0.20 yuan/jin compared to the previous trading day. Farmers in producing areas are reluctant to sell, and traders and vendors are holding inventory, with replenishment demand in sales areas.
Data monitored by Zhuochuang Information reveals that on the week of 11th April, several large-scale wholesale markets in China received 4920 tons of peanuts. This amount marks a notable increase of 16.31% compared to the previous week. Additionally, during the same period, these markets shipped out 2520 tons of peanuts, reflecting a significant increase of 25.37% compared to the previous week.
Both the arrival and shipment volumes in wholesale markets increased the previous week. The increase in arrivals is due to the consumption of goods by merchants and the rising prices in producing areas, leading to some demand for replenishment at lower prices. The increase in shipments is because the inventories of food factories and others are low. Although demand is weak, the continuous strength in prices in producing areas has led to replenishment demand.
CME Corn Future News
According to Trading Economics, Chicago Board of Trade Corn Futures stabilized around $4.4 per bushel on April 27th as investors awaited the U.S. Department of Agriculture's Prospective Plantings report later in the week to gauge the supply outlook.
According to new data from the March 2024 Farm Futures grower survey on CBOT Corn Market, total corn acreage is anticipated to vary minimally from last year's high of 94.1 million acres. Farmers' current projection stands at 92.12 million acres, compared to 91.47 million seen in February.
On the other hand, slight relief for corn comes from hopes of decreased supply by major producer Argentina after BAGE lowered the country's output forecast by 2.5 MMT to 54 MMT. Market participants also expressed concerns about the impact of hot weather in Brazil and heavy rains in Argentina on crops.
Start Trading With Orient Futures Singapore
Overseas Intermediary of Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE), and Zhengzhou Commodity Exchange (ZCE), when foreign clients participate in internationalised futures contracts in these Chinese markets with us, they have direct access to trading, clearing, and settlement. Our parent company, Shanghai Orient Futures, is the largest broker in terms of aggregated volume across the five regulated exchanges in China.
Orient Futures Singapore also currently holds memberships at the Singapore Exchange (SGX), Asia Pacific Exchange (APEX), and ICE Futures Singapore (ICE SG). Starting August 2023, corporate clients can also gain access to the B3 Exchange through us.
We provide bespoke services to our professional clients, tailored to their corporate and individual needs. Our team will be there for you 24 hours on trading days to provide a one-stop portal for all your trades, with simple processes and an intuitive user interface that has low or near-to-zero latency.
