On this page
Contract specifications
- Contract symbol
- ZWN0
- Product
- Wheat (ZW)
- Exchange
- CBOT
- Delivery month
- July 2030 (code N)
- Last trading day
- July 12, 2030
- Default rolls on
- July 8, 2030 (4 days before)
- Tick size
- 0.25
- Tick value
- $12.50
- Point value
- $50.00
- Next delivery
- ZWU0 (September 13, 2030)
When ZWN0 stops trading
Trading terminates on the business day preceding the 15th calendar day of the contract month. For ZWN0 that falls on July 12, 2030.
Senzoukria stops offering ZWN0 as the default contract on July 8, 2030, 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 ZWN0 the next listed delivery is ZWU0, whose last trading day is September 13, 2030. That is the contract the volume moves into, just as it moved out of ZWK0 on May 10, 2030.
What one tick is worth on ZWN0
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 ZW 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 ZWN0 position and the rows of its footprint come from the same numbers.
Every ZW delivery listed in 2030
ZW lists 5 delivery months a year (H, K, N, U, Z). ZWN0 is number 3 of 5 in 2030.
| Contract | Delivery | Last trading day | Default rolls on |
|---|---|---|---|
| ZWH0 | Mar 2030 | Mar 14, 2030 | Mar 10, 2030 |
| ZWK0 | May 2030 | May 14, 2030 | May 10, 2030 |
| ZWN0 (this page) | Jul 2030 | Jul 12, 2030 | Jul 8, 2030 |
| ZWU0 | Sep 2030 | Sep 13, 2030 | Sep 9, 2030 |
| ZWZ0 | Dec 2030 | Dec 13, 2030 | Dec 9, 2030 |
Related pages
- ZW — Wheat
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Roll yield
- Back month contract
- ZWU0
- ZWK0
- ZW 2030
- ZCN0
In the same section
This page in other languages
Frequently asked questions
- When does ZWN0 expire?
- The last trading day of ZWN0 is July 12, 2030. Trading terminates on the business day preceding the 15th calendar day of the contract month.
- When should I roll out of ZWN0?
- The app switches its default to the next listed month on July 8, 2030, which is ZWU0. 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 ZWN0 worth?
- One tick of 0.25 is $12.50 per contract, and a full point is $50.00, on a multiplier of 50.