The soybean meal contract specifications tell you how the soybean meal futures trade, not how to trade the soybean meal futures. Before you consider opening a commodity futures account you should consult with a licensed commodities broker.
100 tons (2,000 lbs/short ton)
48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations
10 cents/ton ($10/contract)
Dollars and cents/short ton
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.
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.
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).
Find information on margins requirements for the Soybean Meal Futures.