• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Daniels Trading

Independent. Objective. Reliable.

Top Navigation

  • Open a Futures Account
  • Sign Up
  • Log in
  • 1.800.800.3840

Primary Navigation Menu

  • About
    • Who We Are
    • Services
    • Careers
    • Risk Disclosure
  • Trade
    • Broker-Assisted
    • Self-Directed / Online
    • Request Pricing
  • Hedge
    • DanielsAg Mobile App
    • Ag Marketing Plan
    • WASDE Analysis
    • Grain Resources
    • Livestock / Dairy Resources
    • Hedging Videos
    • Request Pricing
  • Invest
    • Automated Strategies
    • Managed Futures
    • Request Pricing
  • Advisories
    • GENERAL / FUNDAMENTAL
      • DT Newsletter
      • Insider Market Advisory
      • Capture the Move
      • Turner’s Take Newsletter & Podcast
    • TECHNICAL ANALYSIS
      • AccuMarkets
      • The Cullen Outlook
      • Data Feed Trade
      • Rath Overlay
      • Seasonal Spread Trader
      • Trade Spotlight
    • AG MARKETING
      • Cattleman’s Advisory
      • The Swine Times
      • Technical Ag Knowledge
      • This Week in Grain
      • Turner’s Take Ag Marketing
    • THIRD-PARTY RESOURCES
      • CFRN
      • Market Action Scanner
      • Moore Research Center, Inc. (MRCI)
      • OptionWorks®
      • PatternCast
      • TASMarketProfile.com
  • Education
    • CME Group Resource Center
    • Guides
    • Frequently Asked Questions
    • Order Entry Handbook
    • Webinars
  • Blog
    • Futures 101
    • Ag Marketing
    • Tips & Strategies
    • Trading Advisories
  • Resources
    • Trading Software
    • Quotes and Charts
    • Futures Calendars
    • Contract Specifications
    • Margin Requirements
    • Futures Calculator
  • Accounts
    • GAIN Capital Futures
    • R.J. O’Brien
  • Contact
Home / Education / Markets / Grains & Oilseeds Futures Overview / Oat Futures

Oat Futures

Oats Futures Wild oats trace their origins to the Fertile Crescent in the Near East, but it was not until much later during the Bronze Age when oats become a cultivated crop in Europe. A relatively hardy crop, oats are known to be grown successfully as far north as Iceland, although they do much better in temperate zones. For example, the top producers of oats are of temperate climates, with the highest yields coming from Poland, Germany, Russia, and Canada. The U.S. also grows large quantities of oats and therefore continuously ranks in the top ten oats producers compiled by the Food and Agriculture Organization.

Oat Futures Contract Specifications
Contract Size 5,000 bushels (~ 86 metric tons)
Price Quotation Cents per bushel
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.
Trading Hours Sunday – Friday 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday 8:30 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation 1/4 of one cent per bushel ($12.50 per contract)
Product Code CME Globex: ZO
CME ClearPort: O
Clearing: O
Listed Contracts March (H), May (K), July (N), September (U) & December (Z)
Settlement Method Deliverable
Last Trade Date 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.
Settlement Procedures Oat Futures Settlement Procedures
Exchange Rules These contracts are listed with, and subject to, the rules and regulations of CBOT.
Source: CME Group

Oat Facts

Oats grow in more temperate regions due to its greater tolerance for rain compared to other grains. Oats are an annual plant; the top producing states in the US start planting between April and May for an early autumn harvest.

Oats are considered “healthful”. With the discovery of healthy cholesterol-lowering properties and its reputation of being nutritious, oats has garnered wider appreciation as human food. Oats are commonly “rolled” into oatmeal or flour. It can also be found in several drinks, such as beer and malt. However, oats are widely used as fertilizer and feeder, specifically for horses and cattle.

Key Terms

Rolled Oats: Oats that have been husked and crushed, then rolled into flakes to make them softer. E.g. oatmeal, oatcake, porridge.
Steel-cut Oats: Whole grain groats (kernel) that have been cut into pieces; Irish oats.

Last updated October 2015

Additional Info

Recent Posts on Oats

Primary Sidebar

Tips & Strategies

How Optimizing Your Futures Market Hours Promotes Success

How Optimizing Your Futures Market Hours Promotes Success

For most people who are gainfully employed, longer hours typically equate to greater financial rewards. Whether the motivation is to receive overtime pay or to earn a promotion, dedication in the workplace is a precursor to financial success. However, for active futures traders, this approach isn’t always effective. Although putting adequate time into the markets… Read more.

4 Characteristics Of Powerful Futures Trading Charts

4 Characteristics Of Powerful Futures Trading Charts

If your strategy depends on technical analysis, then designing powerful futures trading charts is the name of the game. In this post, we’ll break down four key chart characteristics that contribute to a clear, concise, and timely study of price action. 1.  User-friendly For technical traders, the pricing chart is the foundation on which they… Read more.

3 Benefits of Futures Spread Trading

3 Benefits Of Futures Spread Trading

Futures spread trading is a unique discipline that offers many benefits to practitioners. Featuring reduced margin requirements, extensive strategic applications, and limited exposure to systemic risk, spread trading is viewed by many traders as a premier financial strategy.

More Tips & Strategies

  • 3 Advantages To E-Mini Trading
  • Understanding Expiration And Futures Contracts Months
  • 5 Key Benefits Of Futures Trading In The Digital Age
  • How To Optimize Your Commodity Trading Platform
  • How Do OPEC Production Cuts Impact Global Markets?
  • Futures Trading Strategies That Optimize Risk vs Reward
Trustpilot

Footer

Site Navigation

  • Frequently Asked Questions
  • About Us
  • Customer Reviews
  • Contact Us
  • Futures Blog
  • Open a Futures Trading Account
  • Media Resources
  • Fund Your Account
  • Legal Notices

Contact Us

Daniels Trading
100 South Wacker Drive, Suite 1225
Chicago, IL 60606
+1.312.706.7600 Local / Int'l
+1.800.800.3840 Toll-Free
+1.312.706.7605 Fax

Connect with Us

Trustpilot

Copyright © 2019 · Daniels Trading. All rights reserved.

Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

  • Risk Disclosure
  • Privacy Policy
  • Terms of Use
  • Back to top