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