Micro Soybean Meal
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CBOT Micro Soybean Meal
Trading Screen Product Name
CBOT Soybean Meal
Commodity Code
MZM
Contract Size
10 short tons (~ 9.1 metric tons) / lot
Price Quotation
US dollar and cents/ short tons
Trading Hours
Monday - Friday
Session 1: 07:00 A.M - 07:45 P.M
Session 2: 08:30 P.M - 01:20 A.M
(the next day)Minimum Price Fluctuation
0.2 USD / short ton
Contract Series
January, March, May, July, August, September, October, and December.
Delivery Registration Day
As MXV required First Notice Day
As MXV required Last Trading Day
Friday which precedes, by at least 2 business days, the last business day of the month prior to the contract month. If such Friday is not a business day, then the last day of trading in such option shall be the business day prior to such Friday. Margin
As MXV required
Position Limit
As MXV required
Price Limit
Daily Price Limit
Expanded Price Limit
$20/ton
$30/ton
Settlement Method
Financially Settled Quality Standards
Soybean Meal meeting the requirements listed in the CBOT Rules and Regulations.
