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Oats
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Contract Specs
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Futures
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Options
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Contract
Unit
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5,000 bushels
( ~ 86 Metric Tons )
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5,000 bushels
( ~ 86 Metric Tons )
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Price Quotation
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Cents per bushel
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Cents per bushel
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Trading
Hours
Globex
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Sunday - Friday 7:00 pm - 7:45 am CT
Monday - Friday
8:30 am - 1:20 pm CT
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Sunday - Friday 7:00 pm - 7:45 am CT
Monday - Friday
8:30 am - 1:20 pm CT
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Trading Hours
Open Outcry
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n/a
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Monday - Friday
8:30 am - 1:15 pm CT
with post session
until 1:20 pm CT
immediately following the close
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Min Price
Fluctuation
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1/4 of one
cent per bushel
$ 12.50 per
contract
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1/8 of one
cent per bushel
$ 6.25 per
contract
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Symbol
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O
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O
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Contract
Months
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March ( H)
May ( K )
July ( N )
September (
U )
December (
Z )
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March ( H)
May ( K )
July ( N )
September (
U )
December (
Z )
A monthly (serial)
option contract is listed
when the front month is not a standard
option contract. The monthly option
contract exercises into the nearby
futures contract. For example, an August
option exercise into a September futures
position.
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Settle
Method
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Deliverable
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Financially
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Last Trading
Day
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The business
day prior to the 15th
calendar day of the contract month.
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The last trading
day in any standard or
serial option for expiry in a given month
shall be the last Friday which precedes
by at least two business days the last
business days of the calendar month
preceding such options named expiry
month. If such Friday is not a business
day, then the last day of trading in such
option shall be the business day prior to
such Friday.
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TAS
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Trading at
settlement is available for first
3 listed futures contracts, nearby new-
crop December contract (if not part of
the first 3 outrights), first to second
month calendar spread, second to third
month calendar spread, and nearest Jul-
Dec spread when available (when July is
listed); and are subject to the existing
TAS rules.The Last Trade Date for
CBOT Grain and Oilseed TAS products
will be the First Position Day (FPD) of
the front-month contract (FPD is the
second to last business day in the month
prior to the nearby contract month).
Trading in
all CBOT Grain TAS products
will be 19:00-07:45 and 08:30-13:15
Chicago time. All resting TAS orders at
07:45 will remain in the book for the
08:30 opening, unless cancled.
TAS products
will trade a total of four
ticks above and below the settlement
price in ticks of the corresponding
futures contract (0.0025), off of a "Base
Price" of 0 to create a differential (plus or
minus 4 ticks) versus settlement in the
underlying product on a 1 to 1 basis. A
trade done at the Basis Price of 0 will
correspond to a "traditional" TAS trade
which will clear exactly at the final
settlement price of the day.
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Same
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Settlement
Procedure
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Exchange
Rulebook
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Price Limit
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Grade &
Quality
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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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Same
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Seasonal ( Oats )
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DISCLAIMER: This information is not to be construed
as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual
information of this report has been obtained from sources believed to be reliable, but is not necessarily
all-inclusive and is not guaranteed as to the accuracy,
and is not to be construed as representation by our firm. The risk of loss when trading futures and options is substantial. Each investor must consider whether
this is a suitable investment. Past performance isnot indicative of future results.
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