QUALITY STANDARDS
In accordance with the regulations of Soybean Meal traded on Chicago Board of Trade (CBOT).
CONTRACT SPECIFICATION
CBOT Soybean Meal
Trading Screen Product Name |
CBOT Soybean Meal |
|
Commodity Code |
ZME |
|
Contract Size |
100 short tons (~ 91 metric tons) / lot |
|
Price Quotation |
US dollar and cents/ short tons |
|
Trading Hours |
Monday - Friday Session 1: 07:00 A.M - 07:45 P.M Session 2: 08:30 P.M - 01:20 A.M (the next day) |
|
Minimum Price Fluctuation |
0.1 USD / short ton |
|
Contract Series |
January, March, May, July, August, September, October, and December. |
|
Delivery Registration Day |
The fifth business day prior to the First Notice Day |
|
First Notice Day |
The last business day of the month prior to the contract month. |
|
Last Trading Day |
The business day prior to the 15th calendar day of the contract month. |
|
Margin |
As MXV required |
|
Position Limit |
As MXV required |
|
Price Limit |
Daily Price Limit |
Expanded Price Limit |
$30/ton |
$45/ton |
|
Settlement Method |
Deliverable |
|
Quality Standards |
Soybean Meal meeting the requirements listed in the CBOT Rules and Regulations. |