Soybean Oil Futures Contract
Soybean oil is a vegetable oil extracted from the seeds of the soybean. It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. As a drying oil, processed soybean oil is also used as a base for printing inks (soy ink) and oil paints. Individuals traders, 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.
CME Globex: ZL
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).
1/100 of one cent (0.0001) per pound = $6.00
January, March, May, July, August, September, October & December
Price Limit / Circuit
Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.
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