Are whole oats and rolled oats the same trade product?
No. Rolling and other processing change product form, yield, specifications, packaging and end use.
How large is one CME oats contract?
The current CME specification states 5,000 bushels, approximately 73 metric tons using the contract's 32-pound bushel basis.
Is the oats futures value a delivered physical price?
No. It is a reference-market anchor. A delivered physical value additionally needs grade, origin, basis, Incoterm, destination, freight, delivery timing and evidence vintage.
Which fields make oats offers comparable?
Product form, crop year, food or feed use, grade, test weight, moisture, defects and safety limits, quantity, origin, currency, Incoterm, destination, shipment window and evidence date.