Senzoukria · Futures contracts

ZMV7 expiry: October 14, 2027

ZMV7 is the October 2027 delivery of Soybean Meal on CBOT. Its last trading day is October 14, 2027, and the app moves its default to the next listed month on October 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 ZMV7 stops trading
  3. When the volume actually leaves
  4. What one tick is worth on ZMV7
  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
ZMV7
Product
Soybean Meal (ZM)
Exchange
CBOT
Delivery month
October 2027 (code V)
Last trading day
October 14, 2027
Default rolls on
October 10, 2027 (4 days before)
Tick size
0.1
Tick value
$10.00
Point value
$100.00
Next delivery
ZMZ7 (December 14, 2027)

When ZMV7 stops trading

Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZMV7 that falls on October 14, 2027.

Senzoukria stops offering ZMV7 as the default contract on October 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 ZMV7 the next listed delivery is ZMZ7, whose last trading day is December 14, 2027. That is the contract the volume moves into, just as it moved out of ZMU7 on September 10, 2027.

What one tick is worth on ZMV7

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 ZMV7 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). ZMV7 is number 7 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
ZMU7Sep 2027Sep 14, 2027Sep 10, 2027
ZMV7 (this page)Oct 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 ZMV7 expire?
The last trading day of ZMV7 is October 14, 2027. Trading terminates on the business day preceding the 15th calendar day of the contract month.
When should I roll out of ZMV7?
The app switches its default to the next listed month on October 10, 2027, which is ZMZ7. 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 ZMV7 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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