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Contract specifications
- Contract symbol
- ZLK7
- Product
- Soybean Oil (ZL)
- Exchange
- CBOT
- Delivery month
- May 2027 (code K)
- Last trading day
- May 14, 2027
- Default rolls on
- May 10, 2027 (4 days before)
- Tick size
- 0.01
- Tick value
- $6.00
- Point value
- $600.00
- Next delivery
- ZLN7 (July 14, 2027)
When ZLK7 stops trading
Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZLK7 that falls on May 14, 2027.
Senzoukria stops offering ZLK7 as the default contract on May 10, 2027, 4 calendar days before that last trading day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Grain contracts follow the crop calendar rather than the quarter, so the listed months are uneven and the roll dates do not fall at regular intervals. The active month is the one carrying the volume, not the nearest by date.
For ZLK7 the next listed delivery is ZLN7, whose last trading day is July 14, 2027. That is the contract the volume moves into, just as it moved out of ZLH7 on March 8, 2027.
What one tick is worth on ZLK7
The minimum price fluctuation is 0.01, which is $6.00 per contract on a multiplier of 600. A full point is therefore $600.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.01 sets how finely the bid and ask volume of ZL can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a ZLK7 position and the rows of its footprint come from the same numbers.
Every ZL delivery listed in 2027
ZL lists 8 delivery months a year (F, H, K, N, Q, U, V, Z). ZLK7 is number 3 of 8 in 2027.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| ZLF7 | Jan 2027 | Jan 14, 2027 | Jan 10, 2027 |
| ZLH7 | Mar 2027 | Mar 12, 2027 | Mar 8, 2027 |
| ZLK7 (this page) | May 2027 | May 14, 2027 | May 10, 2027 |
| ZLN7 | Jul 2027 | Jul 14, 2027 | Jul 10, 2027 |
| ZLQ7 | Aug 2027 | Aug 13, 2027 | Aug 9, 2027 |
| ZLU7 | Sep 2027 | Sep 14, 2027 | Sep 10, 2027 |
| ZLV7 | Oct 2027 | Oct 14, 2027 | Oct 10, 2027 |
| ZLZ7 | Dec 2027 | Dec 14, 2027 | Dec 10, 2027 |
Related pages
- ZL — Soybean Oil
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Back month contract
- ZLN7
- ZLH7
- ZL 2027
- ZMK7
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Frequently asked questions
- When does ZLK7 expire?
- The last trading day of ZLK7 is May 14, 2027. Trading terminates on the business day preceding the 15th calendar day of the contract month.
- When should I roll out of ZLK7?
- The app switches its default to the next listed month on May 10, 2027, which is ZLN7. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the last trading day.
- How much is one tick of ZLK7 worth?
- One tick of 0.01 is $6.00 per contract, and a full point is $600.00, on a multiplier of 600.