1. Introduction to Commodities
  2. Commodities: Cocoa
  3. Commodities: Coffee
  4. Commodities: Copper
  5. Commodities: Corn
  6. Commodities: Cotton
  7. Commodities: Crude Oil
  8. Commodities: Feeder Cattle
  9. Commodities: Gold
  10. Commodities: Heating Oil
  11. Commodities: Live Cattle
  12. Commodities: Lumber
  13. Commodities: Natural Gas
  14. Commodities: Oats
  15. Commodities: Orange Juice
  16. Commodities: Platinum
  17. Commodities: Rough Rice
  18. Commodities: Silver
  19. Commodities: Soybeans and Soybean Oil
  20. Commodities: Sugar
  21. Commodities: Wheat
  22. Understanding Commodities Trading

Oats (Avena sativa) represent a major food source and, due to high nutritional value, are a staple food in a number of countries. Although oats have long been part of the human diet, they are also used as animal feed (e.g., horses, chicken and other livestock), in cosmetics and as a winter cover crop in no-till rotations.

Contract Specifications

Ticker Symbol

ZO (CME Globex)

Contract Size

5,000 bushels

Contract Months

H, K, N, U, Z

Trading Hours

CME Globex: Sunday – Friday, 8:00 p.m. – 8:45 a.m. and Monday – Friday, 9:30 a.m. – 2:20 p.m.

Last Trading Day

The business day prior to the 15th calendar day of the contract month

Price Quote

U.S. dollars and cents per bushel

Tick Size

$0.0025 per bushel ($12.50 per contract)

Production        

Oats are typically planted in the spring and early summer in colder areas and then harvested in late summer or early fall.  Globally, Russia is the top oat producer, accounting for more than one-fifth of world production. Other top producers include Canada, Poland, Finland, Australia and the U.S.

Price Drivers

The demand for oats has declined over the years as more focus has been placed on soybeans and corn. Oat prices are influenced by:

  • harvest sizes
  • weather
  • prices of other feed grains (specifically corn)

 


Commodities: Orange Juice
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