Product Groups
Getting Started
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Market Regulation Advisory Notices View All MRANs
Distributors
Intraday Data
Subscription Based Data
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Contract Unit | One Soybean Oil futures contract of 60,000 pounds | ||||
Minimum Price Fluctuation | 5/1000 of a cent (0.00005) per pound = $3.00 | ||||
Trading Hours | CME Globex: | Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT |
Open Outcry: | Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close | |
Product Code | CME Globex: OZLCME ClearPort: 07Open Outcry: Put: OZ Call: OYClearing: 07 | ||||
Listed Contracts | Monthly contracts listed for 2 consecutive months with 10 months in the January, March, May, July, August, September, October, December cycle and a second December contract month. | ||||
Termination Of Trading | Trading terminates on the Friday which precedes by at least two business days the last business day of the month prior to the contract month. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12A | ||||
Block Minimum | Block Minimum Thresholds | ||||
Price Limit Or Circuit | Price Limits | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E. | ||||
Exercise Style | The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 6:00 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
Contract Unit | One long Soybean Oil futures contract (of a specified month) consisting of 60,000 pounds, and one short Soybean Oil futures contract (of a differing specified month) consisting of 60,000 pounds. | ||||
Minimum Price Fluctuation | 5/1000 of one cent ($.00005) per pound ($3.00 per contract) | ||||
Price Quotation | The price basis shall be defined as the specified nearby Soybean Oil futures contract month price minus the specified deferred Soybean Oil futures contract month price. | ||||
Trading Hours | CME Globex: | Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT |
Open Outcry: | Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close |
|
Product Code | CME Globex: NC4CME ClearPort: OC4Open Outcry: OC4Clearing: OC4 | ||||
Listed Contracts | August-December Soybean Oil futures spread. | ||||
Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12B | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with striking prices in integral multiples of five one-hundredths of one cent ($.0005). More details on strike price intervals are outlined in Rule 12B01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon 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 absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
Contract Unit | One long Soybean Oil futures contract (of a specified month) consisting of 60,000 pounds, and one short Soybean Oil futures contract (of a differing specified month) consisting of 60,000 pounds. | ||||
Minimum Price Fluctuation | 5/1000 of one cent ($.00005) per pound ($3.00 per contract) | ||||
Price Quotation | The price basis shall be defined as the specified nearby Soybean Oil futures contract month price minus the specified deferred Soybean Oil futures contract month price. | ||||
Trading Hours | CME Globex: | Sunday - Friday: 7:00 p.m. - 7:45 a.m. CT and Monday - Friday: 8:30 a.m. - 1:20 p.m. CT |
Open Outcry: | Monday - Friday: 8:30 a.m. - 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close |
CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:45 p.m. (7:00 p.m. – 6:45 p.m. ET) with a 15-minute break each day beginning at 5:45 p.m. (6:45 p.m. ET). |
Product Code | CME Globex: CZLCME ClearPort: COYOpen Outcry: COYClearing: COY | ||||
Listed Contracts | The nearby eight successive future calendar spreads (Sept-Oct, Oct-Dec, Dec-Jan, Jan-Mar, Mar-May, May-Jul, Jul-Aug, Aug-Sep) | ||||
Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12B | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with striking prices in integral multiples of five one-hundredths of one cent ($.0005). More details on strike price intervals are outlined in Rule 12B01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon 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 absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
Contract Unit | One long Soybean Oil futures contract (of a specified month) consisting of 60,000 pounds, and one short Soybean Oil futures contract (of a differing specified month) consisting of 60,000 pounds. | ||||
Minimum Price Fluctuation | 5/1000 of one cent ($.00005) per pound ($3.00 per contract) | ||||
Price Quotation | The price basis shall be defined as the specified nearby Soybean Oil futures contract month price minus the specified deferred Soybean Oil futures contract month price. | ||||
Trading Hours | CME Globex: | Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT |
Open Outcry: | Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close |
|
Product Code | CME Globex: NC3CME ClearPort: OC3Open Outcry: OC3Clearing: OC3 | ||||
Listed Contracts | December-July Soybean Oil futures spread. | ||||
Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12B | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with striking prices in integral multiples of five one-hundredths of one cent ($.0005). More details on strike price intervals are outlined in Rule 12B01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon 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 absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
Contract Unit | One long Soybean Oil futures contract (of a specified month) consisting of 60,000 pounds, and one short Soybean Oil futures contract (of a differing specified month) consisting of 60,000 pounds. | ||||
Minimum Price Fluctuation | 5/1000 of one cent ($.00005) per pound ($3.00 per contract) | ||||
Price Quotation | The price basis shall be defined as the specified nearby Soybean Oil futures contract month price minus the specified deferred Soybean Oil futures contract month price. | ||||
Trading Hours | CME Globex: | Sunday - Friday: 7:00 p.m. - 7:45 a.m. CT and Monday - Friday: 8:30 a.m. - 1:20 p.m. CT |
Open Outcry: | Monday - Friday: 8:30 a.m. - 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close |
|
Product Code | CME Globex: OC6CME ClearPort: CO6Open Outcry: CO6Clearing: CO6 | ||||
Listed Contracts | One old crop/new crop calendar spread (as defined by the nearest July-December Soybean Oil futures spread). | ||||
Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12B | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with striking prices in integral multiples of five one-hundredths of one cent ($.0005). More details on strike price intervals are outlined in Rule 12B01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon 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 absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
Contract Unit | One long Soybean Oil futures contract (of a specified month) consisting of 60,000 pounds, and one short Soybean Oil futures contract (of a differing specified month) consisting of 60,000 pounds. | ||||
Minimum Price Fluctuation | 5/1000 of one cent ($.00005) per pound ($3.00 per contract) | ||||
Price Quotation | The price basis shall be defined as the specified nearby Soybean Oil futures contract month price minus the specified deferred Soybean Oil futures contract month price. | ||||
Trading Hours | CME Globex: | Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT |
Open Outcry: | Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close |
|
Product Code | CME Globex: NC5CME ClearPort: OC5Open Outcry: OC5Clearing: OC5 | ||||
Listed Contracts | September-December Soybean Oil futures spread. | ||||
Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 12B | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with striking prices in integral multiples of five one-hundredths of one cent ($.0005). More details on strike price intervals are outlined in Rule 12B01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon 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 absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | Soybean Oil Futures |
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: OLDCME ClearPort: LDFOpen Outcry: LDFClearing: LDF | ||||
Listed Contracts | On the first trading day following the expiration of October standard option, the following 6 contract months will be listed for next year: January (F), March (H), May (K), July (N), September (U), and October (V). Each of these options will exercise into the December futures contract that is nearest to the expiration of the option. A new listing cycle will begin on the first trading day following the expiration of the next October standard option. | ||||
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. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | 12A | ||||
Block Minimum | Block Minimum Thresholds | ||||
Strike Price Listing Procedures | 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E. | ||||
Exercise Style | American-style. | ||||
Exercise Procedure | 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 |
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,ZL5CME ClearPort: OZ1,OZ2,OZ3,OZ4,OZ5Open Outcry: OZ1,OZ2,OZ3,OZ4,OZ5Clearing: 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 |
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
CME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
© 2019 CME Group Inc. All rights reserved.
Careers | Site Map | Disclaimer | Privacy Policy | Cookie Policy | Terms of Use | Modern Slavery Act Transparency Statement