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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Soybean Meal futures are traded on the Chicago Board of Trade under ticker symbol SM in dollars and cents per short ton. For electronic trading sessions, the symbol ZM is used.[1]
The Chart at left displays the front-month Soybean Meal prices on the Chicago Board of Trade in dollars and cents per short ton.
Delivery Dates
Soybean Meal futures are delivered every year in January, March, May, July, August, September, October, & December.[1]
The following is a table with soybean meal 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, 2009 | SMF9 | SM/F9-CB |
| March, 2009 | SMH9 | SM/H9-CB |
| May, 2009 | SMK9 | SM/K9-CB |
| July, 2009 | SMN9 | SM/N9-CB |
| August, 2009 | SMQ9 | SM/Q9-CB |
| September, 2009 | SMU9 | SM/U9-CB |
| October, 2009 | SMV9 | SM/V9-CB |
Contract Specifications
Contract Size
One Soybean Meal futures contract on the Chicago Board of Trade is 100 short tons.[1]
Daily Price Limit
$20 per short ton expandable to $30 and then to $45 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]
Last Trading Day
Trading of Soybean Meal 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 Soybean Meal grades for futures contracts on the Chicago Board of Trade are: 48% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations.[1]
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