Oats Futures Quotes
The CBOT oats futures contract is a contract for future physical delivery of 5,000 bushels of oats; however,
the vast majority of the futures positions are offset well before delivery. The CBOT oats futures contract is priced in dollars
and cents per bushel. It trades in 1/4s, but is quoted in 1/8s.
Example:
317-4 means $3.17 4/8 or $3.17 1/2
Oats Options
Quotes
The CBOT oats options contract controls 5,000 bushels of oats
based on the underlying futures contract. The strike prices trade in 5-cent intervals for the first two months, and 10-cent
intervals for all other months. The premium is priced in cents per bushel. It options trades in 1/8s, and the price is quoted
in 1/8s.
Example:
14-5
means 14 and 5/8th of a cent, and
$.14625 X 5,000 bushels = $731.25
