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Grain and Oilseed
Product Overview
View Current Daily Price Limits
Options on Soybean futures provide a way to:
- Effectively manage price risk associated with the purchase and sale of soybeans by merchandisers, producers, food processors and other commercial users
- Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
- Trade in deep liquid markets
Things to Know:
- Soybean option contracts are available for trading over 15 hours per day providing customers access regardless of their time zone
- Soybean options trade electronically on the CME Globex platform during the Asian and European daytime market hours as well as on the trading floor during the primary U.S. grain market hours
- Soybean call and put options have numerous strike prices to choose from
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General News & Announcements for Soy Beans
CME Product Market Data
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| Trade Unit | One CBOT Soybean futures contract (of a specified contract month) of 5,000 bushels | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 tick = 1/8 cent per bushel = $6.25 per contract | ||
| Strike Price Interval | 10 cents per bushel for the first two months, 20 cents per bushel for all other months. At the commencement of trading, list 5 strikes above and 5 below the at-the-money strike. | ||
| Strike | |||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.70/$1.05/$1.60) per bushel ($3,500/$5,250/$8,000 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
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| Trading Hours | Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. Unexercised Soybean futures options shall expire at 7:00 p.m. on the last day of trading. | ||
| Listed | All listed series | ||
| Product Codes | Open Auction: CZ for calls / PZ for puts Electronic: OZS | ||
| Minimum Block Size | |||
| Product Calendar | Sep, Nov, Jan, Mar, May, Jul, Aug; a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, an October option exercises into a November futures position. View current product listings |
| Trade Unit | One CBOT Soybean futures contract (of a specified contract month) of 5,000 bushels | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 tick = 1/8 cent per bushel = $6.25 per contract | ||
| Strike Price Interval | 10 cents per bushel for the first two months, 20 cents per bushel for all other months. At the commencement of trading, list 5 strikes above and 5 below the at-the-money strike. | ||
| Strike | All listed intervals | ||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.70/$1.05/$1.60) per bushel ($3,500/$5,250/$8,000 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
|
||
| Trading Hours | Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. Unexercised Soybean futures options shall expire at 7:00 p.m. on the last day of trading. | ||
| Listed | All listed series. | ||
| Product Codes | Open Auction: CZ for calls / PZ for puts Electronic: OZS | ||
| Minimum Block Size | |||
| Product Calendar | Sep, Nov, Jan, Mar, May, Jul, Aug; a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, an October option exercises into a November futures position. View current product listings |
General News & Announcements for Soy Beans
Contracts Currently Eligible
to Trade
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| JUN08 | SM08 | 03/24/2008 |  |
05/23/2008 | 05/23/2008 |
| JUL08 | SN08 | 07/27/2006 | |
06/20/2008 | 06/20/2008 |
| AUG08 | SQ08 | 05/18/2007 | |
07/25/2008 | 07/25/2008 |
| SEP08 | SU08 | 06/25/2007 | |
08/22/2008 | 08/22/2008 |
| NOV08 | SX08 | 02/15/2006 | |
10/24/2008 | 10/24/2008 |
| JAN09 | SF09 | 08/27/2007 | |
12/23/2008 | 12/23/2008 |
| MAR09 | SH09 | 10/29/2007 | |
02/20/2009 | 02/20/2009 |
| MAY09 | SK09 | 12/24/2007 | |
04/24/2009 | 04/24/2009 |
| JUL09 | SN09 | 09/27/2007 | |
06/26/2009 | 06/26/2009 |
| AUG09 | SQ09 | 04/28/2008 | |
07/24/2009 | 07/24/2009 |
| NOV09 | SX09 | 07/30/2007 | |
10/23/2009 | 10/23/2009 |
| NOV10 | SX10 | 02/04/2008 | |
10/22/2010 | 10/22/2010 |
General News & Announcements for Soy Beans
Product Overview
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Things to Know:
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Product Education
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