Implied Soybean Crush
Futures and Options
Implied Soybean Crush Futures - Contract Specs
| Contract Unit | 50,000 bushels (~1361 metric tons) |
|---|---|
| Price Quotation | Cents per bushel |
| Trading Hours | Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:15 p.m. CT |
| Minimum Price Fluctuation | 1/4 of one cent per bushel ($125.00 per contract) |
| Product Code | CME Globex: SOM Clearing: SOM |
| Listed Contracts | January (F), March (H), May (K), July (N), August (Q), September (U), October (V), & December (Z) |
| Settlement Method | Deliverable |
| Termination of Trading | Business day prior to the 15th calendar day for the earliest expiration of Soybeans or Soybean Meal and Soybean Oil Futures for the contract month. 12:01 PM Chicago Time |
| Settlement Procedures | Soybean Crush Settlement Procedures |
| Position Limits | CBOT Position Limits |
| Price Limit or Circuit | Price Limits |
| Vendor Codes | Quote Vendor Symbols Listing |
