Contact Specifications | Trade Futures
||SOYBEAN MEAL FUTURES
Trading Unit 100 tons (2,000 lbs/ton)
One grade of soybean meal only with minimum protein of 48 percent. See exchange Rules and Regulations for exact specifications.
Dollars and cents/ton
10 cents/ton ($10/contract)
$10/ton ($1,000/contract) above or below the previous days settlement price (expandable to $15/ton). No limit in the spot month (limits are lifted two business days before the spot month begins)
Oct, Dec, Jan, Mar, May, Jul, Aug, Sep
Seventh business day preceding the last business day of the delivery month
Second business day following the last trading day of the delivery month
9:30 a.m. – 1:15 p.m. Chicago time, Mon-Fri. Trading in expiring contracts closes at noon on the last trading day.Project A overnight session hours are from 10:30 p.m. – 4:30 a.m., Sun-Thu
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