SHORT-DATED NEW CROP SOYBEAN MEAL OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract for 100 short tons
Minimum Price Fluctuation 0.05 cents per short ton = $5.00
Price Quotation U.S. dollars and cents per short ton
Trading Hours CME Globex: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m.
CT with Post session until 1:20 p.m. CT immediately following the close
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: OMD
CME ClearPort: ODF
Open Outcry: ODF
Clearing: ODF
Listed Contracts Monthly contracts in the Jan, Mar, May, Jul, Sep, Oct cycle. List new monthly contracts after the termination of trading in the October contract of the current year.
Termination Of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook 13A
Block Minimum Block Minimum Thresholds
Strike Price Listing Procedures $5 per short ton. More details on strike price intervals are outlined in Rule 13A01.E.
Exercise Style American-style. The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method Deliverable
Underlying Soybean Meal Futures