Now Available: South American Short-Dated New Crop Soybean Options

These short-dated options will match the new crop soybean cycle in the southern hemisphere and provide hedgers and traders in South America a more cost effective way to hedge grain prices timed to their crop cycle.

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Soybean Futures Contract Specs

Contract Unit 5,000 bushels (~136 metric tons)
Price Quotation Cents per bushel
Trading Hours Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation 1/4 of one cent per bushel ($12.50 per contract)
Product Code CME Globex: ZS
CME ClearPort: S
Clearing: S
Listed Contracts January (F), March (H), May (K), July (N), August (Q), September (U) & November (X)
Settlement Method Deliverable
Termination Of Trading The business day prior to the 15th calendar day of the contract month.
Settlement Procedures Soybean Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 11
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Second business day following the last trading day of the delivery month.
Grade And Quality #2 Yellow at contract price, #1 Yellow at a 6 cent/bushel premium, #3 Yellow at a 6 cent/bushel discount