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.
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