US Soybean Meal Futures5241943

Description

Cash Settled U.S. Soybean Meal Futures

Market Specifications

Trading Screen Product Name
US Soybean Meal Futures
Trading Screen Hub Name
NYCC
Commodity Code
ISM
Contract Size
100 short tons
Quotation
U.S. dollars per short ton, calculated to 2 decimal places
Contract Series
January, March, May, July, August, September, October, and December
Minimum Price Fluctuation
Ten cents per short ton, expressed as .10 ($10.00 per contract)
Daily Price Limit
$20.00 per short ton, expandable to $30.00 and then $45.00 per short ton 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 Meal futures contract at the Chicago Board of Trade.
Final Settlement
ICE Cash-Settled US Soybean Meal Futures Contracts are cash settled at expiration based upon the settlement price of the corresponding trading month of the Soybean Meal futures contract at the Chicago Board of Trade on the Last Trade Date for the ICE contract.
Position Limit
Any one month and all months combined limit: 6,500 Futures Contracts and Futures Equivalent Contracts Spot month limit: 720 Futures Contracts as of the close of trading on Last Trading Day.
MIC Code
IFUS
Clearing Venues
ICUS
Loading...

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
Singapore9:00 AM - 3:30 AM*
09:00 - 03:30
8:30 AM
08:30

*Next Day

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

Codes

Clearing Admin Name
Soybean Meal
Physical
ISM
Logical
ISM
GMI(FC)
Y>
R&N A.C.N.