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Soybean Futures Contract Specs

Contract Unit 5,000 bushels (~136 metric tons)
Price Quotation Cents per bushel
Trading Hours Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation 1/4 of one cent per bushel ($12.50 per contract)
Product Code CME Globex: ZS
CME ClearPort: S
Clearing: S
TAS: SBT
Listed Contracts January (F), March (H), May (K), July (N), August (Q), September (U) & November (X)
Settlement Method Deliverable
Termination Of Trading The business day prior to the 15th calendar day of the contract month.
Trade At Marker Or Trade At Settlement Rules Trading at settlement (TAS) is available for listed contract months 1-4, and nearby new-crop November contract if not listed in the first 4 outrights, for calendar months JAN, FEB, MAR, APR, SEP, and DEC.  
 
TAS is available for listed contract months 1-5, and nearby new-crop November contract if not listed in the first 5 outrights, for calendar month MAY, JUN, JUL, AUG, OCT, and NOV.
 
TAS calendar spread trading is available in all combinations in TAS eligible contract months, including nearest Jul-Nov spread when July is listed.  

Trading in all CBOT Grain TAS products will be 19:00-07:45 and 08:30-13:15 Chicago time. All resting TAS orders at 07:45 will remain in the book for the 08:30 opening, unless cancelled.

TAS products will trade a total of four ticks above and below the settlement price in ticks of the corresponding futures contract (0.0025), off of a "Base Price" of 0 to create a differential (plus or minus 4 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
Settlement Procedures Soybean Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 11
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Second business day following the last trading day of the delivery month.
Grade And Quality #2 Yellow at contract price, #1 Yellow at a 6 cent/bushel premium, #3 Yellow at a 6 cent/bushel discount

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