|Contract Unit||50,000 bushels|
|Minimum Price Fluctuation||1/8 of one cent per bushel ($62.50 per contract)|
|Price Quotation||Dollar and cents per bushel|
|Trading Hours||Monday – Friday, 8:30 a.m. – 1:15 p.m. CT|
|Product Code||Open Outcry: Put: BP Call: BC
|Listed Contracts||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.
|Termination Of Trading||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.|
|Position Limits||CBOT Position Limits|
|Exchange Rulebook||CBOT 11C|
|Vendor Codes||Quote Vendor Symbols Listing|
|Strike Prices Strike Price Interval||2 cents per bushel (e.g. $0.48, $0.50, $0.52)|
|Exercise Style||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
|Underlying||Soybean Crush Synthetic Futures|
Register for regular updates here and manage your email preferences.