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Grain and Oilseed
Product Overview
View Current Daily Price Limits
Options on Soybean Oil futures provide a way to:
- Effectively manage price risk associated with the purchase and sale of soybean oil by merchandisers, producers, food processors and other commercial users
- Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
- Trade in deep liquid markets
Things to Know:
- Soybean oil options are 60,000 pound contracts with a Soybean Oil futures contract as the underlying product
- Soybean oil option contracts are available for trading over 15 hours per day providing customers access regardless of their time zone
- Soybean oil options trade electronically on the CME Globex platform during the Asian and European daytime market hours as well as on the trading floor during the primary U.S. grain market hours.
- Soybean oil call and put options have numerous strike prices to choose from
Get Real-Time Quotes
View free real-time quotes on a variety of electronically traded CME Group products
General News & Announcements for Agricultural Commodity
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
CME Product Market Data
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| Trade Unit | One CBOT Soybean Oil futures contract (of a specified contract month) of 60,000 lbs. | ||
| Settle Method | Delivery | ||
| Point Size | 1 point = $6.00 | ||
| Strike Price Interval | |||
| Strike | All listed intervals | ||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.025/$0.035/$0.055) per lb ($1,500/$2,100/$3,300 contract)above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 07 Open Auction: OY for calls / OZ for puts Globex: OZL | ||
| Minimum Block Size | |||
| Product Calendar | Oct, Dec, Jan, Mar, May, Jul, Aug, Sep; a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, a November option exercises into a December futures position. View current product listings |
| Trade Unit | One CBOT Soybean Oil futures contract (of a specified contract month) of 60,000 lbs. | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $6.00 | ||
| Strike Price Interval | |||
| Strike | All listed intervals | ||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.025/$0.035/$0.055) per lb ($1,500/$2,100/$3,300 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
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||
| Trading Hours | Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. | ||
| Listed | All listed series | ||
| Product Codes | Clearing: 07 Open Auction: OY for calls / OZ for puts Globex: OZL | ||
| Minimum Block Size | |||
| Product Calendar | Oct, Dec, Jan, Mar, May, Jul, Aug, Sep; a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, a November option exercises into a December futures position. View current product listings |
General News & Announcements for Agricultural Commodity
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
Contracts Currently Eligible
to Trade and Recently Expired Contracts
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | 07V08 | 07/30/2007 |  |
09/26/2008 | 09/26/2008 |
| DEC08 | 07Z08 | 08/15/2006 | |
11/21/2008 | 11/21/2008 |
| JAN09 | 07F09 | 09/24/2007 | |
12/23/2008 | 12/23/2008 |
| MAR09 | 07H09 | 11/21/2007 | |
02/20/2009 | 02/20/2009 |
| MAY09 | 07K09 | 12/24/2007 | |
04/24/2009 | 04/24/2009 |
| JUL09 | 07N09 | 02/13/2008 | |
06/26/2009 | 06/26/2009 |
| AUG09 | 07Q09 | 04/28/2008 | |
07/24/2009 | 07/24/2009 |
| SEP09 | 07U09 | 05/27/2008 | |
08/21/2009 | 08/21/2009 |
| OCT09 | 07V09 | 07/28/2008 | |
09/25/2009 | 09/25/2009 |
| DEC09 | 07Z09 | 02/13/2008 | |
11/20/2009 | 11/20/2009 |
General News & Announcements for Agricultural Commodity
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
Product Overview
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Things to Know:
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Product Education
Publications
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership