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, speculate in the grain markets and 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.
Have Questions?
We’re here to help – Connect with a licensed futures broker now.
Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.
Take the Next Step and Open Your Futures Trading Account Today
