| 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)
6:00 pm - 7:15 am and 9:30 am - 1:15 pm Central Time, Sunday - Friday
Open Outcry (Trading Floor)
9:30 am - 1:15 pm, Central Time, Monday - Friday
|
| Daily Price Limit |
2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer. 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 |
Physical Delivery |
| 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. |
| Product Ticker Symbols |
CME Globex
ZL
07=Clearing
|
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CBOT. |
