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Normal Daily Settlement Procedure

Daily settlements of FOB Santos Soybeans Financially Settled (Platts) Futures are determined by CME Group staff based on the following approach:

 

Tier 1:   All relevant market data available at 13:15 Central Time (CT) will be used to derive a settlement in each contract month.

Tier 2:   If no relevant information is received by 13:15 Central Time (CT), then the contract month settles to the prior-day settlement price.


If you have any questions, please call the CME Global Command Center.


Note: In the event the aforementioned calculations described in this advisory cannot be made or if CME Group staff, in its sole discretion, determines that anomalous activity yields results that are not representative of the fair value of the contract, the staff may determine an alternative settlement price.


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