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Oats Futures Contract Specs

Contract Unit 5,000 bushels (~ 86 metric tons)
Price Quotation Cents per bushel
Trading Hours Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation 1/4 of one cent per bushel ($12.50 per contract)
Product Code CME Globex: ZO
CME ClearPort: O
Clearing: O
Listed Contracts March (H), May (K), July (N), September (U) & December (Z)
Settlement Method Deliverable
Termination Of Trading The business day prior to the 15th calendar day of the contract month.
Settlement Procedures Oats Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 15
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
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.