OATS FUTURES - CONTRACT SPECS
| Contract Unit | 5,000 bushels | ||||
| Price Quotation | U.S. dollars and 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: ZOCME ClearPort: OClearing: O | ||||
| Listed Contracts | 10 monthly contracts of Mar, May, Jul, Sep and Dec and additional Jul and Sep contracts 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 | Oats Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 15 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| 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. | ||||
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