Senzoukria · Futures contracts

ZMU7 expiry: September 14, 2027

ZMU7 is the September 2027 delivery of Soybean Meal on CBOT. Its last trading day is September 14, 2027, and the app moves its default to the next listed month on September 10, 2027, 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 ZMU7 stops trading
  3. When the volume actually leaves
  4. What one tick is worth on ZMU7
  5. Every ZM delivery listed in 2027
  6. Related pages
  7. In the same section
  8. This page in other languages
  9. Frequently asked questions

Contract specifications

Contract symbol
ZMU7
Product
Soybean Meal (ZM)
Exchange
CBOT
Delivery month
September 2027 (code U)
Last trading day
September 14, 2027
Default rolls on
September 10, 2027 (4 days before)
Tick size
0.1
Tick value
$10.00
Point value
$100.00
Next delivery
ZMV7 (October 14, 2027)

When ZMU7 stops trading

Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZMU7 that falls on September 14, 2027.

Senzoukria stops offering ZMU7 as the default contract on September 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 ZMU7 the next listed delivery is ZMV7, whose last trading day is October 14, 2027. That is the contract the volume moves into, just as it moved out of ZMQ7 on August 9, 2027.

What one tick is worth on ZMU7

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 ZMU7 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). ZMU7 is number 6 of 8 in 2027.

ZM 2027: last trading day and roll date of every listed delivery
ContractDeliveryLast trading dayDefault rolls on
ZMF7Jan 2027Jan 14, 2027Jan 10, 2027
ZMH7Mar 2027Mar 12, 2027Mar 8, 2027
ZMK7May 2027May 14, 2027May 10, 2027
ZMN7Jul 2027Jul 14, 2027Jul 10, 2027
ZMQ7Aug 2027Aug 13, 2027Aug 9, 2027
ZMU7 (this page)Sep 2027Sep 14, 2027Sep 10, 2027
ZMV7Oct 2027Oct 14, 2027Oct 10, 2027
ZMZ7Dec 2027Dec 14, 2027Dec 10, 2027

In the same section

This page in other languages

Frequently asked questions

When does ZMU7 expire?
The last trading day of ZMU7 is September 14, 2027. Trading terminates on the business day preceding the 15th calendar day of the contract month.
When should I roll out of ZMU7?
The app switches its default to the next listed month on September 10, 2027, which is ZMV7. 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 ZMU7 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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