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 offer a more precise tool to manage exposure to the Brazilian soybean market. As the largest producer and exporter of soybeans, Brazil plays a key role in the global soybean market, driving the need for a regional benchmark for price discovery.

Settling in US dollars to the Platts index, the contract reflects Brazilian export prices at the port of Santos, offered for trade as an outright or spread against the US-based Soybean contract.

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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.

    Contract specifications

    View full product details >
    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

    Related resources

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    CME Direct

    CME Direct Users: download the South American Soybean futures grid

    1. Right click on the buttons below
    2. Save the files as an .XML on your computer
    3. In CME Direct, select import view in the main menu
    4. Import the grid into CME Direct

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