Soybean Meal Futures

Mondo Visione  Mar 29  Comment 
In order to further clarify the requirements for supervision over the unusual transactions of the options on soybean meal futures and make the members and investors have a more clear-cut understanding of related rules, on March 24, Dalian...
The Economic Times  Jan 10  Comment 
The feed industry – poultry, livestock and dairy will now have an effective tool to manage their price risk and get transparent and relevant price signals.
Mondo Visione  Jul 20  Comment 
Recently, a client surnamed Cui conducted self-trade on the relevant contracts of the soybean meal futures for the third time, reaching the regulatory criteria of DCE. Based on the relevant requirements in the “Related Regulatory Criteria and...
Mondo Visione  Mar 24  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Morgan Stanley Capital Group Inc. (MSCGI) agreed to pay a $200,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in soybean meal...
Mondo Visione  Dec 4  Comment 
On December 2, Dalian Commodity Exchange (DCE) issued the "Notice on Dalian Commodity Exchange Cooperating with China Agri-Industries Holdings Limited and Cargill Investment (China) Co., Ltd. in Piloting the Intra-group Factory Warehouse Receipts...
Mondo Visione  Aug 6  Comment 
In accordance with the regulations of the “Measures for Risk Management of Dalian Commodity Exchange”, after conducting related research, DCE decided to change the range of limit up and down for soybean meal futures from 4% to 5%, and the...


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, 2009SMF9SM/F9-CB
March, 2009SMH9SM/H9-CB
May, 2009SMK9SM/K9-CB
July, 2009SMN9SM/N9-CB
August, 2009SMQ9SM/Q9-CB
September, 2009SMU9SM/U9-CB
October, 2009SMV9SM/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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