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.
Contract Unit
60,000 pounds
Futures Contract
Symbol
CME Globex: ZL
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
1/100 of one cent (0.0001) per pound = $6.00
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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