CBOT - Soybean Meal Quotes Open Auction

Soybean Meal Futures

Portugues

Contract Size

100 tons (2,000 lbs/short ton)

Deliverable Grades

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

Tick Size

10 cents/ton ($10/contract)

Price Quote

Dollars and cents/short ton

Contract Months

Oct, Dec, Jan, Mar, May, Jul, Aug, Sep

Last Trading Day

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

Last Delivery Day

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

Trading Hours

Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols

Open Auction: SM
Electronic: ZM

Daily Price Limit

$20/short ton ($2,000/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).

Margin Information

Find information on margins requirements for the Soybean Meal Futures.