Uncategorized

Soybean Futures

Contract Size    5,000 bushels (~136 metric tons)

Deliverable Grade    #2 Yellow at contract price, #1 Yellow at a 6 cent/bushel premium, #3 Yellow at a 6 cent/bushel discount

Pricing Unit    Cents per bushel
Tick Size (minimum fluctuation)
1/4 cent per bushel ($12.50 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U) & November (X)

Trading Hours    CME Globex (Electronic Platform)6:00 pm – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am – 1:15 pm Central Time, Monday – Friday

Daily Price Limit    $0.70 per bushel expandable to $1.05 and then to $1.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Second business day following the last trading day of the delivery month.

Product Ticker Symbols    CME GlobexZS

Soybean Meal Futures

Contract Size    100 Short Tons (~ 91 metric tons)

Deliverable Grade    48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations

Pricing Unit    Dollars and Cents per short ton

Tick Size (minimum fluctuation)
10 cents per short ton ($10.00 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 pm  – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am  – 1:15 pm Central Time, Monday – Friday

Daily Price Limit    $20 per short ton expandable to $30 and then to $45 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.
Last Delivery Date    Second business day following the last trading day of the delivery month.

Product Ticker Symbols    CME GlobexZM

 

Soybean Oil Futures

Contract Size    60,000 pounds (lbs) (~ 27 metric tons)

Deliverable Grade    Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.

Pricing Unit    Cents per pound

Tick Size (minimum fluctuation)
1/100 of a cent ($0.0001) per pound ($6.00 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 am – 7:15 pm and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am – 1:15 pm, Central Time, Monday – Friday

Daily Price Limit    2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Seventh business day following the last trading day.

Product Ticker Symbols    CME GlobexZL

Soybean Futures

Contract Size    5,000 bushels (~136 metric tons)

Deliverable Grade    #2 Yellow at contract price, #1 Yellow at a 6 cent/bushel premium, #3 Yellow at a 6 cent/bushel discount

Pricing Unit    Cents per bushel
Tick Size (minimum fluctuation)
1/4 cent per bushel ($12.50 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U) & November (X)

Trading Hours    CME Globex (Electronic Platform)6:00 pm – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am – 1:15 pm Central Time, Monday – Friday

Daily Price Limit    $0.70 per bushel expandable to $1.05 and then to $1.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Second business day following the last trading day of the delivery month.

Product Ticker Symbols    CME GlobexZS

Soybean Meal Futures

Contract Size    100 Short Tons (~ 91 metric tons)

Deliverable Grade    48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations

Pricing Unit    Dollars and Cents per short ton

Tick Size (minimum fluctuation)
10 cents per short ton ($10.00 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 pm  – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am  – 1:15 pm Central Time, Monday – Friday

Daily Price Limit    $20 per short ton expandable to $30 and then to $45 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.
Last Delivery Date    Second business day following the last trading day of the delivery month.

Product Ticker Symbols    CME GlobexZM

 

Soybean Oil Futures

Contract Size    60,000 pounds (lbs) (~ 27 metric tons)

Deliverable Grade    Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.

Pricing Unit    Cents per pound

Tick Size (minimum fluctuation)
1/100 of a cent ($0.0001) per pound ($6.00 per contract)

Contract Months/Symbols    January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 am – 7:15 pm and 9:30 am – 1:15 pm Central Time, Sunday – FridayOpen Outcry (Trading Floor)9:30 am – 1:15 pm, Central Time, Monday – Friday

Daily Price Limit    2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Seventh business day following the last trading day.

Product Ticker Symbols    CME GlobexZL

Contract Size    5,000 bushels (~ 127 Metric Tons)

Deliverable Grade    #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium #3 Yellow at a 1.5 cent/bushel discount

Pricing Unit    Cents per bushel

Tick Size (minimum fluctuation)
1/4 of one cent per bushel ($12.50 per contract)

Contract Months/Symbols    March (H), May (K), July (N), September (U) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 pm – 7:15 am  and 9:30 am  – 1:15 pm central time, Sunday – Friday Central TimeOpen Outcry (Trading Floor)9:30 am  – 1:15 pm  Monday – Friday Central Time

Daily Price Limit    $0.30 per bushel expandable to $0.45 and then to $0.70 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Second business day following the last trading day of the delivery month.
Product Ticker Symbols    CME GlobexZC

C=ClearingOpen OutcryC
Exchange Rule    These contracts are listed with, and subject to, the rules and regulations of CME.

Contract Size    5,000 bushels (~ 127 Metric Tons)

Deliverable Grade    #2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium #3 Yellow at a 1.5 cent/bushel discount

Pricing Unit    Cents per bushel

Tick Size (minimum fluctuation)
1/4 of one cent per bushel ($12.50 per contract)

Contract Months/Symbols    March (H), May (K), July (N), September (U) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 pm – 7:15 am  and 9:30 am  – 1:15 pm central time, Sunday – Friday Central TimeOpen Outcry (Trading Floor)9:30 am  – 1:15 pm  Monday – Friday Central Time

Daily Price Limit    $0.30 per bushel expandable to $0.45 and then to $0.70 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Second business day following the last trading day of the delivery month.
Product Ticker Symbols    CME GlobexZC

C=ClearingOpen OutcryC
Exchange Rule    These contracts are listed with, and subject to, the rules and regulations of CME.

5,000 bushels (~ 136 Metric Tons)

Deliverable Grade    #2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.

Pricing Unit    Cents per bushel

Tick Size (minimum fluctuation)    1/4 of one cent per bushel ($12.50 per contract)

Contract Months/Symbols    March (H), May (K), July (N), September (U) & December (Z)

Trading Hours    CME Globex (Electronic Platform)6:00 pm – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday –

FridayOpen Outcry (Trading Floor)9:30 am – 1:15 pm Central Time, Monday – Friday

Daily Price Limit    $0.60 per bushel expandable to $0.90 and then to $1.35 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.

Settlement Procedure    Physical Delivery

Last Trade Date    The business day prior to the 15th calendar day of the contract month.

Last Delivery Date    Second business day following the last trading day of the delivery month.

Product Ticker Symbols    CME GlobexZW

W=ClearingOpen OutcryW

Exchange Rule    These contracts are listed with, and subject to, the rules and regulations of CBOT.

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