Oats Futures - Contract Specs
| Contract Unit | 5,000 bushels |
|---|---|
| Price Quotation | U.S. cents per bushel |
| Trading Hours | CME Globex: Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Minimum Price Fluctuation | 1/4 of one cent (0.0025) per bushel = $12.50 |
| Product Code | CME Globex: ZO CME ClearPort: O Clearing: O |
| Listed Contracts | Monthly contracts (Mar, May, Jul, Sep, Dec) listed for 10 months and 1 additional Jul and 1 additional Sep contract listed in September |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the business day prior to the 15th day of the contract month. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Last Delivery Date | Second business day following the last trading day of the delivery month. |
| Grade and Quality | No. 2 Heavy and No. 1 at par. No. 1 Extra Heavy at 7 cents per bushel over contract price. No. 2 Extra Heavy at 4 cents per bushel over contract price, and No. 1 Heavy at 3 cents per bushel over contract price. No. 2(36 pound total minimum test weight) at 3 cents per bushel under contract price and No. 2 (34 pound total minimum test weight) at 6 cents per bushel under contract price. |
