Contract Unit 1 futures contract for 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
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: OLD
CME ClearPort: LDF
Open Outcry: LDF
Clearing: LDF
Listed Contracts Monthly contracts listed in the Jan, Mar, May, Jul, Sep, Oct cycle. List a new set of contract months after the termination of trading in the October contact of the current year.

Underlying Rule: All months exercise into the December futures 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 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
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 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 Oil Futures