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Soybean Meal Futures Contract

Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy. Individuals traders, grain elevators, farmers, investors and commercial firms are among those around the world using this fully electronic contract to manage risk, seek rewards and/or diversify portfolios.

Contract Unit

100 short tons ~ 91 metric tons

Futures Contract
Symbol

 

CME Globex: ZM

Trading Hours 

CME Globex: Sunday – Friday 7:00 p.m. – 7:45 a.m.  and Monday – Friday 8:30 a.m. – 1:20 p.m. Chicago/Central Time (CT).

Minimum Price
Fluctuation

0.10 per short ton = $10.00

Contract Months

January, March, May, July, August, September, October & December

Settlement Method

Deliverable

Price Limit / Circuit

Source: CME Group

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.

Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.

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