How many pounds is a soybean meal contract?
Soybean Meal Jul ’22 (ZMN22)
| Barchart Symbol | ZM |
|---|---|
| Contract Size | 100 tons (2,000 pounds per ton) |
| Months | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec (F, H, K, N, Q, U, V, Z) |
| Trading Hours | 7:00p.m. – 7:45a.m. and 8:30a.m. – 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST |
| Value of One Futures Unit | $100 |
How much is a soybean meal contract?
Soybean Meal Futures Contract Specifications. The unit of trading for Soybean Meal shall be 100 tons (2,000 pounds per ton). The minimum fluctuation for Soybean Meal futures shall be ten cents ($. 10) per ton ($10.00 per contract), including spreads.
What unit of measure is soybean oil traded in?
The unit of trading shall be 60,000 lbs. of crude soybean oil. The minimum fluctuation for soybean oil futures shall be 1/100th of one cent per pound ($6.00 per contract), including spreads. Daily price limits for Soybean Oil futures are reset every six months.
How is soybean crush margin calculated?
Crush Margin = Soybean Meal x 80% + Soybean Oil x 18.3% – Soybeans. This requires making two conversions—from bushels to metric tons and from USD to CNY. The unit of the crush margin is CNY/mt.
How many bushels are in a soybean contract?
5,000 bushels
For example, one futures contract for soybeans represents 5,000 bushels of soybeans. Therefore, the dollar value of this contract is 5,000 times the price per bushel.
How many bushels are in a tonne?
Bushel Equivalents Per Tonne
| GRAIN | EQUIVALENT |
|---|---|
| Wheat | 36.7440 |
| Oats | 64.8420 |
| Barley | 45.9300 |
| Rye | 39.3680 |
How much is soybean meal per ton?
Unit conversion for Soybean Meal Price Today
| Conversion | Soybean Meal Price | Price |
|---|---|---|
| 1 Ton = 1,000 Kilograms | Soybean Meal Price Per 1 Kilogram | 0.41 USD |
What is CBOT in soybean oil?
SOYBEAN OIL-CBOT means that the price for a Pricing Date will be that day’s Specified Price per pound of deliverable grade crude soybean oil on the Delivery Date, stated in U.S. cents, as made public by the CBOT and displayed on Reuters Screen page “0#BO:” on that Pricing Date.
What are soybean crush margins?
The crush spread is the difference between the value of soybeans and its byproducts, and is considered a gauge of the potential profit margin for soybean processors.
What is soybean price?
The current price of soybeans as of May 13, 2022 is $16.4650 per bushel.
How much is a short ton of soybean meal?
CONTRACT UNIT 100 Short Tons (~ 91 metric tons) GRADE AND QUALITY 48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations PRICING QUOTATION Dollars and Cents per short ton MINIMUM PRICE FLUCTUATION 10 cents per short ton ($10.00 per contract) LISTED CONTRACTS
Where can I find specifications of deliverable soybean oil?
Exact specifications of deliverable soybean oil may be found in Chapter 12 of the CBOT Rulebook.
What is the delivery instrument for soybean oil futures?
The delivery instrument for Soybean Oil futures is an electronic warehouse receipt generated in the CME Group delivery system. Each Soybean Oil warehouse receipt conveys ownership to the receipt holder of 60,000 pounds of crude soybean oil in the issuing warehouse.
Is the soybean oil physical delivery system a substitute for cash market trade?
However, while not a substitute for cash market trade, the soybean oil physical delivery system performs the function of assuring efficient cash-futures convergence and that an effective forward curve is discovered to assure soybean oil is efficiently allocated through time. Each contract represents 60,000 pounds of crude soybean oil.
