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Soybean Oil Futures Contract Specs

Contract Size 60,000 pounds (lbs) (~ 27 metric tons)
Deliverable Grade Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.
Pricing Unit Cents per pound
Tick Size (minimum fluctuation) 1/100 of a cent ($0.0001) per pound ($6.00 per contract)
Contract Months/Symbols January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)
Trading Hours CME Globex (Electronic Platform)
Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
Open Outcry (Trading Floor)
Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
Daily Price Limit View Daily Price Limits for initial and expanded price limits. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Settlement Procedure Daily Grains Settlement Procedure (PDF)
Final Soybean Oil Settlement Procedure (PDF)
Last Trade Date The business day prior to the 15th calendar day of the contract month.
Last Delivery Date Seventh business day following the last trading day of the delivery month.
Product Ticker Symbols CME Globex (Electronic Platform) ZL
07=Clearing
Open Outcry (Trading Floor) BO
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.