Soybean Meal futures provide a way to:

• Participate in global price discovery for soybean meal
• Effectively manage the price risk that soybean meal merchandisers, food processors, livestock operations, importers and others have related to the purchase or sale of soybean meal
• Take advantage of arbitrage and spread opportunities with other commodities including related grains, oilseeds and livestock
• Evaluate or reflect on both the current and future supply and demand situation for soybean meal
• Identify short and long-term cyclical price and volatility patterns for soybean meal
• Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in soybean meal
• Trade in deep liquid markets

Things to Know:

• Soybean meal futures are a dollar denominated physical delivery 100 short ton (approx. 91 metric tons) contract
• Contracts are available for trading over 15 hours per day providing customers access regardless of their time zone
• Soybean meal futures are traded electronically on CME Globex during the Asian and European daytime market hours as well as during the primary U.S. grain trading hours side-by-side with the trading floor
• Soybean meal is the dominant protein supplement used in livestock and poultry feeds
• Soy products are used in a range of food products as well as in adhesives, polyesters and other textiles