The Learn About Futures Insider: Oats

[johntrade]

This cereal grain has a rich history of cultivation and has been used for both human and animal consumption for centuries. The CME Group futures contract - to which the following specifications will refer - provides a means for participants to engage in possible fair price discovery, attempt to manage or hedge price risk, and evaluate possible supply and demand trends.

Contract Size: 5,000 Bushels

Price Quote & Tick Size: Cents per bushel; minimum fluctuation is � cent per bushel ($12.50 per contract)

Contract Months: March, May, July, September, December

Trading Specs: Trades open outcry and Globex (electronic) per the following schedule:
Electronic: 6:00 pm - 7:15 am and 9:30 am - 1:15 pm Central Time, Sunday - Friday
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.

Daily Price Limit: $0.20 per bushel expandable to $0.30 and then to $0.45 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Trading Symbols: Open Outcry - O; Electronic - ZO