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Contract Specifications for CBOT Oats Futures (ZO)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: ZO
CME ClearPort: O
Clearing: O
CONTRACT UNIT 5,000 bushels (~86 metric tons)
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.
PRICE QUOTATION Cents per bushel
MINIMUM PRICE FLUCTUATION 1/4 of one cent per bushel ($12.50 per contract)
LISTED CONTRACTS March (H), May (K), July (N), September (U) & December (Z)
SETTLEMENT METHOD Deliverable
TRADING HOURS Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT,
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
POSITION LIMITS CBOT Position Limits
PRICE LIMIT OR CIRCUIT Price Limits
SETTLEMENT PROCEDURES Oats Settlement Procedures.
TERMINATION OF TRADING The business day prior to the 15th calendar day of the contract month.
LAST DELIVERY DATE Second business day following the last trading day of the delivery month.
EXCHANGE RULEBOOK CBOT 15.
VENDOR CODES Quote Vendor Symbols Listing.

This page was last updated: November 03, 2015

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