US Soybean Meal Options5241949

Description

Options on 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
One ICE Cash-Settled U.S. Soybean Meal futures contract
Price Quotation
U.S. dollars per short ton, calculated to 2 decimal places
Contract Series
Regular Options: January, March, May, July, August, September, October, and December; Serial Options: February, April, June, and November, with two serial months listed for trading at any time.
Minimum Price Fluctuation
5 cents per short ton, expressed as .05 ($5.00 per contract)
Strike Price Intervals
$10.00 per short ton
Exercise
American style. Options exercise into the underlying cash-settled future.
Last Trading Day
For both Regular and Serial Options, the Last Trading Day shall be the day on which trading terminates in the corresponding CBOT option contract.
Position Limit
See futures contract specifications
MIC Code
IFUS
Clearing Venues
ICUS
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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

Codes

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