Soybean Meal
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CBOT Soybean Meal
Trading Screen Product Name
CBOT Soybean Meal
Commodity Code
ZME
Contract Size
100 short tons (~ 91 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
0.1 USD / short ton
Contract Series
January, March, May, July, August, September, October, and December.
Delivery Registration Day
The fifth business day prior to the First Notice Day
First Notice Day
The last business day of the month prior to the contract month.
Last Trading Day
The business day prior to the 15th calendar day of the contract month.
Margin
As MXV required
Position Limit
As MXV required
Price Limit
Daily Price Limit
Expanded Price Limit
$20/ton
$30/ton
Settlement Method
Deliverable
Quality Standards
Soybean Meal meeting the requirements listed in the CBOT Rules and Regulations.
