- Trading Screen Product Name
- Biodiesel Diff Futures
- Trading Screen Hub Name
- RBD Soybean Oil Basis (Fastmarkets)
- Contract Symbol
SYB
- Contract Size
60,000 pounds
- Unit of Trading
Any multiple of 60,000 pounds
- Currency
US Dollars and cents
- Trading Price Quotation
One hundredth of one cent ($0.0001) per pound
- Settlement Price Quotation
One hundredth of one cent ($0.0001) per pound
- Minimum Price Fluctuation
One hundredth of one cent ($0.0001) per pound
- Last Trading Day
Last Trading 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 Price Quotation
In respect of final settlement, the Floating Price will be a price
in USD and cents per pound based on the average of the
“Latest Price” quotations appearing in the
“Fastmarkets The Jacobsen” report under the heading
“Soybean Oil (RBD) (cents/lb), subheading “Basis”
for “Central Illinois” for each business day (as
specified below) in the determination period.
- Contract Series
Up to 48 consecutive months, or as otherwise determined by the
Exchange
- Business Days
Publication days for Fastmarkets The Jacobsen Report
- MIC Code
- IFED
- Clearing Venues
- ICEU