Biodiesel Outright - Soybean Oil Penultimate Day 1st Line Balmo Future31687086

Description

A balance of the month cash settled future based on the daily settlement price for ICE US Soybean Oil Futures (in metric tonnes), excluding the last business day of each contract month.

Market Specifications

Trading Screen Product Name
Biodiesel Futures (balmo)
Trading Screen Hub Name
Soybean Oil Pen 1st Line
Commodity Code
S25-S2Z
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 2 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
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM
00:50 - 23:05
12:40 AM
00:40
Singapore7:50 AM - 6:05 AM
07:50 - 06:05
7:40 AM
07:40
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Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Ref Outright mt
Physical
S25-S2Z
Logical
SOW
GMI(FC)
R&N A.C.N.