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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


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

1/100 of one cent (0.0001) per pound = $6.00

Contract Months

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

Settlement Method


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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