Understanding Oats Contracts
- Details
- Category: Commodity
Although oats are one of the earliest domesticated grains, they have not at all times enjoyed a good reception. In Greece, for instance, oats were thought of a deformed type of wheat, and in England they had been thought of barely palatable even for livestock.
Interestingly, Scotland is the only area wherein oats have been traditionally revered, and consequently they play a standard position in Scottish cuisine. The truth is, Scottish oats rank among the many finest worldwide, and command a premium in the market.
Most individuals know oats as oatmeal (89% of oat is eaten this way), or as rolled oat products. Oats are also a preferred food selection for horses, cattle and hen, and could be found in some manufacturers of dog food.
1. 20 cents per bushel ($1,000/contract) above or under the day prior to this's settlement price.
2. No limit within the spot month (limits are lifted starting on First Position Day).
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Understanding Oats Contracts
Like every commodity, oats has its personal ticker image, contract value and margin requirements. To successfully commerce a commodity, you should pay attention to these key parts and perceive the best way to use them to calculate your potential revenue and loss.
Oats Exchanges
The futures contract for oats is traded in an open outcry format and electronically through the Chicago Mercantile Trade (CME) group (CME, electronic Chicago Board of Trade (eCBOT).