Mini-Sized Soybean Futures

QUOTE AND NEWS
 

Mini-Soybean futures are traded on the Chicago Board of Trade under ticker symbol YK in cents per bushel. For electronic trading sessions, the symbol XK is used.[1]

The chart at left shows Front Month Mini-Soybean futures prices on the Chicago Board of Trade (CBOT) in cents per bushel.

Delivery Dates

Mini-Soybean futures are delivered every year in January, March, May, July, August, September, & November.[1]

The following is a table with mini-soybean futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009YKF9YK/F9-CB
March, 2009YKH9YK/H9-CB
May, 2009YKK9YK/K9-CB
July, 2009YKN9YK/N9-CB
August, 2009YKQ9YK/Q9-CB
September, 2009YKU9YK/U9-CB
November, 2009YKX9YK/X9-CB

Contract Specifications

Contract Size

One Mini-Soybean futures contract on the Chicago Board of Trade is 1,000 bushels.[1]

Daily Price Limit

$0.70 per bushel expandable to $1.05 and then to $1.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM - 6:00 AM and 9:30 AM - 1:45 PM US central time, Sunday - Friday.[1]
  • Open Outcry (pit session): Monday through Friday, 9:30 AM to 1:45 PM, US central time.[1]

Last Trading Day

Trading of Mini-Soybean futures contracts on the Chicago Board of Trade ends on the business day prior to the 15th calendar day of the contract month.[1]

Deliverable Grades

Deliverable Mini-Soybean grades for futures contracts on the Chicago Board of Trade are: #2 Yellow at contract price, #1 Yellow at a 6 cent/bushel premium, #3 Yellow at a 6 cent/bushel discount[1]

Mini-Sized vs. Regular Soybean Futures

Mini-Sized Soybean Futures are identical in every way to the standard Soybean Futures traded on the Chicago Board of Trade (CBOT) except that the contract size is significantly smaller (1000 bushels vs. 5000 bushels) compared to standard Soybean Futures.

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Board of Trade's contract specification for Mini-Soybean futures
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki