CME Group Oats

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CME Group oat futures and options trade both by open outcry and by electronic trading. During what are called "regular trading hours" (RTH), oat futures trade side by side on Globex and on the trading floor, while options trade only on the trading floor. During electronic trading hours (ETH), both oat futures and options are traded.

Oat futures and options migrated from the eCBOT trading platform to CME Globex on the evening of January 13, 2008.[1]

Uses

Oats are primarily used for animal feed,[2] though they can also be found in many breakfast foods for humans. Also, oats are used in the manufacturing of plastics, solvents and other industry products.[3]

Commitment of Traders

The Commodity Futures Trading Commission regularly issues Commitments of Traders reports that show the distribution of open positions among different classes of traders. Information about CME oat positions is available in this report.[4]

Delayed Quotes

Free delayed quotes are available on the CME Group web site.[5]

Contract Specifications

CME Group Oat futures
Exchange CME Group
Settlement Physically delivered
Contract Size 5,000 bushels
Pricing Unit cents per bushel
Tick Value 1/4 of one cent per bushel ($12.50 per contract)
Contract Months March (H), May (K), July (N), September (U) & December (Z)
Last Trading Day The business day prior to the 15th calendar day of the contract month.
  Open Outcry Electronic
Trading Hours 9:30 a.m. - 1:15 p.m. (Chicago time) Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol O ZO
Price Limits $0.20/bushel = $1,000/contract $0.20/bushel
 
CME Group Oat options
Trade Unit One futures contract
Point Value Need point value!
Tick Value 1/8 of one cent per bushel ($6.25 per contract)
Option Months 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 contact. For example, an August option exercise into a September futures position.
Strike Prices 5 cents per bushel for the first two months and 10 cents per bushel for all other months. At the commencement of trading, list 5 strikes above and 5 below the at-the-money are listed.
  Open Outcry Electronic
Trading Hours Monday – Friday, 8:30 a.m. – 1:15 p.m.

CT with Post session until 1:20 p.m. CT immediately following the close

Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol OO for calls/OV for puts (American-style exercise) OZO (American-style exercise)
Price Limits $0.20/bushel ($1,000/contract) above or below the previous day's settlement premium. Limits lifted on the last trading day. $0.20/bushel ($1,000/contract) above or below the previous day's settlement premium. Limits lifted on the last trading day.

Notes

Also See

CME Group commodity products

Resources

References

  1. Legacy-CBOT Agricultural Futures and Options. CME Group.
  2. US Agriculture Policy and Outlook for Additional Oat Acreage. Informa Economics.
  3. CBOT Agricultural Products. Chicago Board of Trade.
  4. Commitments of Traders. Commodity Futures Trading Commission.
  5. CME Group Oat Futures Quotes. CME Group.
Last modified on 20 June 2018, at 17:03