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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 delivered every year in January, March, May, July, August, September, October, & December.
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|
One Soybean Meal futures contract on the Chicago Board of Trade is 100 short tons.
$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.
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.
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.