- Trading Screen Product Name
- Biodiesel Futures
- Trading Screen Hub Name
- Soybean Oil Pen 1st Line
- Contract Symbol
SOY
- Contract Size
100 metric tonnes (220,462 pounds)
- Unit of Trading
Any multiple of 100 metric tonnes
- Currency
US Dollars and cents
- Trading Price Quotation
One cent ($0.01) per metric tonne
- Settlement Price Quotation
One tenth of one cent ($0.001) per metric tonne
- Minimum Price Fluctuation
One tenth of one cent ($0.001) per metric tonne
- Last Trading Day
Trading shall cease at the close of trading on the penultimate
business day of the contract month
- Floating Price
In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products.
- Final Settlement
In respect of final settlement, the Floating Price will be a price
in USD and cents per metric tonne based on the average of the
settlement prices as made public by ICE for the front month Soybean
Oil Futures contract for the month of production, excluding the
last business day of each contract month.
Conversion factor: 1 metric tonne = 2,204.62 pounds (lb)
- Contract Series
Up to 48 consecutive months
- Final Payment Date
Two Clearing House Business Days following the Last Trading Day
- Business Days
Publication days for ICE, excluding the last business day of each
contract month
- Linked Future
Yes
- MIC Code
- IFEU
- Clearing Venues
- ICEU