Asset Class Navigation

Soybean Crush Options Contract Specs

Options
Product One option on the CBOT Soybean Crush spread.  The Soybean Crush is calculated using the formula:  Soybean Meal in $/ton x 0.022 + Soybean Oil in ¢/lb x 11 - Soybeans in $/bu
Contract Unit 50,000 bushels
Pricing Unit Dollar and cents per bushel

Tick Size (minimum fluctuation)

1/8 of one cent per bushel ($62.50 per contract)
Strike Price Intervals 2 cents per bushel (e.g. $0.48, $0.50, $0.52)
Contract Months (Symbols) Eight standard delivery months with the following Soybean Crush combinations (note: the Oct. and Dec. Crush combinations use different months for the Soybeans than for the Soybean Meal and Soybean Oil):
Crush: Jan. Mar. May July Aug. Sept. Oct. Dec.
Soybeans: Jan. Mar. May July Aug. Sept. Nov. Nov.
Meal/Oil: Jan. Mar. May July Aug. Sept. Oct. Dec.
Daily Price Limit There is no daily price limit any day.
Last Trade Date Friday (or business day) identical to the earliest expiration of Soybeans or Soybean Meal and Soybean Oil options, i.e., the last Friday which precedes by at least two business days, the last business day of the month preceding the option month.
Exercise All in-the-money options shall be automatically exercised, unless notice to cancel automatic exercise is given to the Clearing Services Provider, based on the settlement prices of the underlying components of the Soybean Crush.
Call (Put) Exercise:
Long (Short) 11 Soybean Meal futures at the settlement price rounded to the nearest $2.50 per ton.
Long (Short) 9 Soybean Oil futures at the settlement prices rounded to the nearest $0.0025 per pound.
Short (Long) 10 Soybean futures at a price equal to Soybean Meal in $/ton x 0.022 + Soybean Oil in ¢/lb x 11 – Soybean
Trading Hours Open Outcry Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
Product Ticker Symbols BC for calls/BP for puts
BCX=Clearing
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.