MARKET GRADES OF CORN 95 



113. Market Grades. The grades of corn recognized 

 by the Chicago Board of Trade, the principal terminal 

 market, are as follows: 



No. 1 yellow corn shall be yellow, sound, dry, plump, and well 

 cleaned. 



No. 2 yellow corn shall be 90 per cent yellow, dry, reasonably 

 clean, but not plump enough for No. 1. 



No. 3 yellow corn shall be 90 per cent yellow, reasonably dry and 

 reasonably clean, but not sufficiently sound for No. 2. 



No. 4 yellow corn shall be 90 per cent yellow, badly damaged, 

 musty, or very dirty. 



No. 1 white corn shall be white, sound, dry, plump, and well 

 cleaned. 



No. 2 white corn shall be 95 per cent white, dry, reasonably clean 

 but not plump enough for No. 1. 



No. 3 white corn shall be 95 per cent white, reasonably dry and 

 reasonably clean, but not sufficiently sound for No. 2. 



No. 4 white corn shall be 95 per cent white, badly damaged, musty, 

 or very dirty. 



No. 1 corn shall be mixed corn of choice quality, sound, dry, and 

 well cleaned. 



No. 2 corn shall be mixed corn, dry and reasonably clean, but not 

 good enough for No. 1. 



No. 3 corn shall be mixed corn, reasonably dry and reasonably 

 clean, but not sufficiently sound for No. 2. 



No. 4 corn shall be mixed corn that is badly damaged, damp, 

 musty, or very dirty. 



The greater part of the corn which reaches the Chicago 

 market is No. 2 and No. 3 yellow, the quantities of these two 

 grades usually being about the same. Three or four times 

 as much yellow as white corn is marketed in Chicago. The 

 usual difference in feeding value between No. 2 and No. 3 

 corn is about 2 cents a bushel, but the difference in market 

 price may considerably exceed this figure. The lowest 

 price recorded for No. 2 corn on the Chicago market in the 

 ten years from 1901 to 1910 was 36 cents in 1901; the highest, 



