South American Soybean futures

Access locally-priced Soybean futures offered by CME Group and B3. CME Group South American Soybean futures are now available for trade.

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Capitalize on regional price discovery

Financially settled South American Soybean futures will offer a more precise tool to manage exposure to the Brazilian soybean market. Brazil plays a key role in the global soybean market as the largest producer and exporter of soybeans, driving the need for a regional benchmark for price discovery.

Settling in US dollars to the Platts index, the contract will reflect Brazilian export prices at the port of Santos and provides new trading opportunities outright or in combination with our existing suite of soybean-based contracts.

Contact us

For more information, please contact a member of our team at sas@cmegroup.com.

Trading resources

Hedge more precisely

Manage risk to Brazilian-grown soybeans with a contract built to reflect regional pricing at a key exporting site – the port of Santos – using the established Platts Index.

Trade the spread

Use the contract with our existing North American Soybean futures to easily manage pricing differences between regionally grown soybeans.

Enjoy flexible execution

Trade electronically on the CME Globex platform or execute block trades on CME ClearPort using relationship-based trading.

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The basics of South American Soybean futures

Explore contract basics like key uses – such as trading the basis between the South and North American Soybean contracts – and the changing global dynamics behind the contract’s creation.

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Contract specifications

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Contract unit	136 metric tons (MT)
Minimum price fluctuation	$0.20 per ton ($27.20 per contract)
Trading hours	CME Globex: 8:30 a.m. – 1:20 p.m. CT Monday through Friday (settlement time remains 1:15 p.m. CT) CME ClearPort: Sunday opens 5:00 p.m. Monday – Friday: Closes each day at 5:45 p.m. Monday – Thursday: Opens each day at 6 p.m.
Product code	CME Globex: SAS CME ClearPort: SAS Clearing: SAS
Listed contracts	January, February, March, May, July, August, September, and November with 11 contracts listed at any time.
Floating price	The arithmetic average of the “SOYBEX FOB Santos” price assessment published by Platts for each day that it is determined from and including the 16th calendar day in the 2nd month prior to the contract month to and including the 15th calendar day in the month prior to the contract month. The Floating Price shall be rounded to the nearest $0.01.
Settlement Procedures	South American Soybean Settlement Procedure
Termination of trading	Trading shall cease on the business day prior the 16th calendar day in the month prior to the contract month.
Exchange rulebook	CBOT 11F
Reporting Window	15 minutes
Block Minimum	5 contracts
Inter-commodity spread block minimum	20 contracts
Settlement method	Financially settled

View full contract specifications.

FOB Santos Soybeans Financially Settled (Platts) Futures 9/20/20
Product Name	CME Globex	Bloomberg	Refinitiv Globex RIC Root	Refinitiv Composite RIC Root	TT	CQG	DTN	FIS Global	Fidessa	ION (Pats & FFastFill)	Itiviti (Orc & Tbricks)	Vela
FOB Santos Soybeans Financially Settled (Platts) Futures	SAS	SSLA Comdty	1SSZ	SSZ	SAS	SAB	@SAS	SAS	SAS	SAS	SAS	SAS