Contract Size
5,000 bushels
Deliverable Grades
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.
Tick Size
1/4 cent/bushel ($12.50/contract)
Price Quote
Cents/bushel
Contract Months
Jul, Sep, Dec, Mar, May
Last Trading Day
The business day prior to the 15th calendar day of the contract month.
Last Delivery Day
Seventh business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: O
Electronic: ZO
Daily Price Limit
Twenty cents ($0.20) per bushel ($1,000/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Margin Information
Find information on margins requirements for the Oats Futures.
An Introduction to Trading CBOT Agricultural Futures and Options
Click on the link above to download a printable .pdf booklet entitled “An Introduction to Trading CBOT Agricultural Futures and Options”. It is published by the Chicago Board of Trade. It is a must read guide for any novice or advanced trader considering an investment in the oat futures.
