Spotlight: How Trade Wars May Affect Ags Markets

Trade War Repercussions for U.S. Agriculture

The rest of the world, from China to Europe to Canada and Mexico, responds to U.S. tariffs with tit-for-tat increases on U.S. exports.

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Soybean Oil Weekly Options Contract Specs

Contract Unit One Soybean Oil futures contract (of a specified month) of 60,000 pounds
Minimum Price Fluctuation 5/1000 of a cent ($0.00005) per pound ($3.00 per contract)
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
Product Code CME Globex: ZL1,ZL2,ZL3,ZL4,ZL5
CME ClearPort: OZ1,OZ2,OZ3,OZ4,OZ5
Open Outcry: OZ1,OZ2,OZ3,OZ4,OZ5
Clearing: OZ1,OZ2,OZ3,OZ4,OZ5
Termination Of Trading Unexercised Weekly Soybean Oil futures options shall expire at 7:00 p.m. on the last day of trading.
Exchange Rulebook CBOT 12A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E.
Exercise 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 6:00 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 Oil Futures