CME Group’s Soybean Futures Contract Specifications

CONTRACT UNIT

5,000 bushels (~136 metric tons)

PRICE QUOTATION

U.S. cents per bushel

TRADING HOURS

CME Globex:

Sunday - Friday 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday 8:30 a.m. - 1:20 p.m. CT

TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and
Monday - Friday 8:30 a.m. - 1:15 p.m. CT

CME ClearPort:

Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT

MINIMUM PRICE FLUCTUATION

1/4 of one cent (0.0025) per bushel = $12.50

TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright

PRODUCT CODE

CME Globex: ZS

CME ClearPort: S

Clearing: S

TAS: SBT

LISTED CONTRACTS

15 monthly contracts of Jan, Mar, May, Aug, Sep and 8 monthly contracts of Jul and Nov listed annually after the termination of trading in the November contract of the current year.

SETTLEMENT METHOD

Deliverable

TERMINATION OF TRADING

Trading terminates on the business day prior to the 15th day of the contract month.

TAM or TAS Rules

Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

TAS Table

SETTLEMENT PROCEDURES

►Soybean Settlement Procedures

POSITION LIMITS

►CBOT Position Limits

EXCHANGE RULEBOOK

CBOT 11

BLOCK MINIMUM

Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

Price Limits

VENDOR CODES

Quote Vendor Symbols Listing

LAST DELIVERY DATE

Second business day following the last trading day of the delivery month.

GRADE AND QUALITY

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

 

CME Group’s Soybean Options Contract Specifications

CONTRACT UNIT

1 futures contract for 5,000 bushels

MINIMUM PRICE FLUCTUATION

1/8 of one cent (0.00125) per bushel = $6.25

PRICE QUOTATION

U.S. cents per bushel

TRADING HOURS

CME Globex:

Sunday - Friday from 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday from 8:30 a.m. - 1:20 p.m. CT

CME ClearPort:

Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT

PRODUCT CODE

CME Globex: OZS

CME ClearPort: S

Clearing: S

LISTED CONTRACTS

Monthly contracts listed for 3 consecutive months, 9 monthly contracts of Jan, Mar, May, Jul, Aug, Sep, Nov and an additional Nov contract month listed in August.

TERMINATION OF TRADING

Trading terminates on Friday which precedes, by at least 2 business days, the last business day of the month prior to the contract month.

POSITION LIMITS

CBOT Position Limits

EXCHANGE RULEBOOK

CBOT 11A

BLOCK MINIMUM

Block Minimum Thresholds

PRICE LIMIT OR CIRCUIT

Price Limits

VENDOR CODES

Quote Vendor Symbols Listing

STRIKE PRICES STRIKE PRICE INTERVAL

Strike Price Listing and Exercise Procedures Table

SETTLEMENT METHOD

Deliverable

UNDERLYING

Soybean Futures

 

 


 

To find out more about CME Group’s Soybean Futures & Options, contact us via:

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