On this page
Contract specifications
- Contract symbol
- ZMH7
- Product
- Soybean Meal (ZM)
- Exchange
- CBOT
- Delivery month
- March 2027 (code H)
- Last trading day
- March 12, 2027
- Default rolls on
- March 8, 2027 (4 days before)
- Tick size
- 0.1
- Tick value
- $10.00
- Point value
- $100.00
- Next delivery
- ZMK7 (May 14, 2027)
When ZMH7 stops trading
Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZMH7 that falls on March 12, 2027.
Senzoukria stops offering ZMH7 as the default contract on March 8, 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 ZMH7 the next listed delivery is ZMK7, whose last trading day is May 14, 2027. That is the contract the volume moves into, just as it moved out of ZMF7 on January 10, 2027.
What one tick is worth on ZMH7
The minimum price fluctuation is 0.1, which is $10.00 per contract on a multiplier of 100. A full point is therefore $100.00. 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 0.1 sets how finely the bid and ask volume of ZM 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 ZMH7 position and the rows of its footprint come from the same numbers.
Every ZM delivery listed in 2027
ZM lists 8 delivery months a year (F, H, K, N, Q, U, V, Z). ZMH7 is number 2 of 8 in 2027.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| ZMF7 | Jan 2027 | Jan 14, 2027 | Jan 10, 2027 |
| ZMH7 (this page) | Mar 2027 | Mar 12, 2027 | Mar 8, 2027 |
| ZMK7 | May 2027 | May 14, 2027 | May 10, 2027 |
| ZMN7 | Jul 2027 | Jul 14, 2027 | Jul 10, 2027 |
| ZMQ7 | Aug 2027 | Aug 13, 2027 | Aug 9, 2027 |
| ZMU7 | Sep 2027 | Sep 14, 2027 | Sep 10, 2027 |
| ZMV7 | Oct 2027 | Oct 14, 2027 | Oct 10, 2027 |
| ZMZ7 | Dec 2027 | Dec 14, 2027 | Dec 10, 2027 |
Related pages
- ZM — Soybean Meal
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Back month contract
- ZMK7
- ZMF7
- ZM 2027
- ZLH7
In the same section
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Frequently asked questions
- When does ZMH7 expire?
- The last trading day of ZMH7 is March 12, 2027. Trading terminates on the business day preceding the 15th calendar day of the contract month.
- When should I roll out of ZMH7?
- The app switches its default to the next listed month on March 8, 2027, which is ZMK7. 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 ZMH7 worth?
- One tick of 0.1 is $10.00 per contract, and a full point is $100.00, on a multiplier of 100.