Senzoukria · Futures contracts

ZMQ8 expiry: August 14, 2028

ZMQ8 is the August 2028 delivery of Soybean Meal on CBOT. Its last trading day is August 14, 2028, and the app moves its default to the next listed month on August 10, 2028, 4 calendar days earlier. One tick is 0.1, worth $10.00, on a multiplier of 100.

Updated September 2026First published 16 October 2026

On this page
  1. Contract specifications
  2. When ZMQ8 stops trading
  3. When the volume actually leaves
  4. What one tick is worth on ZMQ8
  5. Every ZM delivery listed in 2028
  6. Related pages
  7. In the same section
  8. This page in other languages
  9. Frequently asked questions

Contract specifications

Contract symbol
ZMQ8
Product
Soybean Meal (ZM)
Exchange
CBOT
Delivery month
August 2028 (code Q)
Last trading day
August 14, 2028
Default rolls on
August 10, 2028 (4 days before)
Tick size
0.1
Tick value
$10.00
Point value
$100.00
Next delivery
ZMU8 (September 14, 2028)

When ZMQ8 stops trading

Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZMQ8 that falls on August 14, 2028.

Senzoukria stops offering ZMQ8 as the default contract on August 10, 2028, 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 ZMQ8 the next listed delivery is ZMU8, whose last trading day is September 14, 2028. That is the contract the volume moves into, just as it moved out of ZMN8 on July 10, 2028.

What one tick is worth on ZMQ8

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 ZMQ8 position and the rows of its footprint come from the same numbers.

Every ZM delivery listed in 2028

ZM lists 8 delivery months a year (F, H, K, N, Q, U, V, Z). ZMQ8 is number 5 of 8 in 2028.

ZM 2028: last trading day and roll date of every listed delivery
ContractDeliveryLast trading dayDefault rolls on
ZMF8Jan 2028Jan 14, 2028Jan 10, 2028
ZMH8Mar 2028Mar 14, 2028Mar 10, 2028
ZMK8May 2028May 12, 2028May 8, 2028
ZMN8Jul 2028Jul 14, 2028Jul 10, 2028
ZMQ8 (this page)Aug 2028Aug 14, 2028Aug 10, 2028
ZMU8Sep 2028Sep 14, 2028Sep 10, 2028
ZMV8Oct 2028Oct 13, 2028Oct 9, 2028
ZMZ8Dec 2028Dec 14, 2028Dec 10, 2028

In the same section

This page in other languages

Frequently asked questions

When does ZMQ8 expire?
The last trading day of ZMQ8 is August 14, 2028. Trading terminates on the business day preceding the 15th calendar day of the contract month.
When should I roll out of ZMQ8?
The app switches its default to the next listed month on August 10, 2028, which is ZMU8. 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 ZMQ8 worth?
One tick of 0.1 is $10.00 per contract, and a full point is $100.00, on a multiplier of 100.
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