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Soybean Meal Futures
Trading Hours
| Margin Rates |
Product Calendar
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Overview
Contract Size
100 Short Tons
Tick Size
10 cents per short ton ($10.00 per contract)
Price Quote
Dollars and Cents per short ton
Contract Months
January(F), March (H), May (K), July (N), August(Q), September (U), October(V) & December (Z)
Allowable contract months listed out 2 years.
Last Trading Day
The second business day prior to the first business day of the contract month.
Delivery Method
Cash Settled
Final Settlement
The final settlement price for ELX Soybean Meal Futures will be equal to the settlement price determined by the Chicago Board of Trade for the corresponding contract month of its Soybean Meal Futures on Last Trading Day for ELX Soybean Meal Futures.
Position Limit
Spot: 720
Single Month: 6,500
All Month: 6,500
Reportable Level
200
Price Limit
$20 per short ton expandable to $30 and then to $45 when the market is limit bid or offer at the end of the Settlement Period. There shall be no price limits on the current month contract on the Last Trading Day.
Ticker Symbols
ZMe
Trading Hours
Pre-Open 5:45pm ET, Regular Session Open 6:00pm ET, Close 5:00pm ET Sunday- Friday
No Bust Range
$8.00 per short ton