Seasonal ( Soybean Oil )
| Soybean Oil | Contract Specs |
| Futures | Options | |
| Contract Unit | 60,000 lbs (~27 metric tons) | 60,000 lbs (~27 metric tons) |
| Price Quotation | Cents per pound | Cents per pound |
| Trading Hours Globex | Sunday - Friday 7:00 pm - 7:45 am CT Monday - Friday 8:30 am - 1:20 pm CT | Sunday - Friday 7:00 pm - 7:45 am cstT Monday - Friday 8:30 am - 1:20 pm cst |
| Trading Hours Open Outcry | n/a | Monday - Friday 8:30 am - 1:15 pm cst with post session until 1:20 pm cst immediately following the close |
| Min Price Fluctuation | 1/100 of one cent ($0.001) per pound $6 per contract | 1/100 of one cent ($0.001) per pound $ 6 per contract |
| Symbol | ZL | ZL |
| Contract Months | January ( F ) March ( H ) May ( K ) July ( N ) August ( Q ) September ( U ) December ( Z ) | January ( F ) March ( H) May ( K ) July ( N ) August ( Q ) September ( U ) December ( Z ) |
| Settle Method | Deliverable | Deliverable |
| Last Trading Day | The business day prior to the 15th calendar day of the contract month. | Unexercised Soybean Oil futures options shall expire at 7:00pm on the last day of trading. |
| TAS | Trading at settlement is available for First 3 listed futures contracts; nearby new-crop December contract (if not part of the first 3 outrights); first to second month calendar spread; second to third month calendar spread; nearest Jul-Dec spread when available (when July is listed), and are subject to the existing TAS rules. The Last Trade Date for CBOT Grain and Oilseed TAS products will be the First Position Day (FPD) of the front-month contract (FPD is the second to last business day in the month prior to the nearby contract month). | |
| Settlement Procedure | Deliverable | Financially |
| Exchange Rulebook | | |
| Price Limit | | |
| Grade & Quality | Crude soybean oil meeting exchange- approved grades and standards-see exchange Rules and Regulations for exact specifications. | Crude soybean oil meeting exchange- approved grades and standards-see exchange Rules and Regulations for exact specifications. |
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| Seasonal ( Soybean Oil ) |
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| DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by our firm. The risk of loss when trading futures and options is substantial. Each investor must consider whether this is a suitable investment. Past performance isnot indicative of future results. |