US Soybean Oil Futures5241942

Description

Cash Settled U.S. Soybean Oil Futures

Market Specifications

Contract Symbol
IBO
Contract Size
60,000 pounds
Quotation
U.S. cents per pound, calculated to 3 decimal places
Contract Months
January, March, May, July, August, September, October, and December.
Minimum Price Movement
1/100th of one cent per pound, expressed as .010 ($6.00 per contract)
Daily Price Limit
2.5 cents per pound, expandable to 3.5 cents per bushel then to 5.5 cents per bushel when the market closes at limit bid or offer. No limit on the expiring contract on the last trading day.
Last Trading Day
Business day prior to the First Notice Day of the corresponding trading month of the Soybean Oil futures contract at the Chicago Board of Trade.
Final Settlement
ICE Cash-Settled US Soybean Oil Futures Contracts are cash settled at expiration based upon the settlement price of the corresponding trading month of the Soybean Oil futures contract at the Chicago Board of Trade on the Last Trade Date for the ICE contract.
Position Limits
Any one month and all months combined limit: 8,000 Future Contracts and Futures Equivalent Contracts Spot month limit: 540 Futures Contracts as of the close of trading on Last Trading Day.
MIC Code
IFUS
Clearing Venue
ICUS

Trading Hours

CityTradingPre-Open
New York8:00 PM - 2:30 PM*
20:00 - 14:30
7:30 PM
19:30
London1:00 AM - 7:30 PM
01:00 - 19:30
12:30 AM
00:30
Singapore8:00 AM - 2:30 AM*
08:00 - 02:30
7:30 AM
07:30

*Next Day

Sunday Pre-Open is 5:30 PM ET and Sunday Open is 6:00 PM ET

Codes

Clearing Admin Name
Soybean Oil
Physical
IBO
Logical
IBO
GMI (FC)
Y\
R&N A.C.N.