On this page
Contract specifications
- Contract symbol
- ZON8
- Product
- Oats (ZO)
- Exchange
- CBOT
- Delivery month
- July 2028 (code N)
- Last trading day
- July 14, 2028
- Default rolls on
- July 10, 2028 (4 days before)
- Tick size
- 0.25
- Tick value
- $12.50
- Point value
- $50.00
- Next delivery
- ZOU8 (September 14, 2028)
When ZON8 stops trading
Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZON8 that falls on July 14, 2028.
Senzoukria stops offering ZON8 as the default contract on July 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 ZON8 the next listed delivery is ZOU8, whose last trading day is September 14, 2028. That is the contract the volume moves into, just as it moved out of ZOK8 on May 8, 2028.
What one tick is worth on ZON8
The minimum price fluctuation is 0.25, which is $12.50 per contract on a multiplier of 50. A full point is therefore $50.00. 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 0.25 sets how finely the bid and ask volume of ZO 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 ZON8 position and the rows of its footprint come from the same numbers.
Every ZO delivery listed in 2028
ZO lists 5 delivery months a year (H, K, N, U, Z). ZON8 is number 3 of 5 in 2028.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| ZOH8 | Mar 2028 | Mar 14, 2028 | Mar 10, 2028 |
| ZOK8 | May 2028 | May 12, 2028 | May 8, 2028 |
| ZON8 (this page) | Jul 2028 | Jul 14, 2028 | Jul 10, 2028 |
| ZOU8 | Sep 2028 | Sep 14, 2028 | Sep 10, 2028 |
| ZOZ8 | Dec 2028 | Dec 14, 2028 | Dec 10, 2028 |
Related pages
- ZO futures
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Back month contract
- ZOU8
- ZOK8
- ZO 2028
- ZCN8
In the same section
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Frequently asked questions
- When does ZON8 expire?
- The last trading day of ZON8 is July 14, 2028. Trading terminates on the business day preceding the 15th calendar day of the contract month.
- When should I roll out of ZON8?
- The app switches its default to the next listed month on July 10, 2028, which is ZOU8. 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 ZON8 worth?
- One tick of 0.25 is $12.50 per contract, and a full point is $50.00, on a multiplier of 50.