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 Soybean Futures and Options Market Trading

 

Watch the Video>>How to Trade Soybean Futures and Options

 

 

 

 

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*The information contained within this webpage comes from sources believed to be reliable. No guarantees are being made to the content's accuracy or completeness.

 

The History of Soybeans and CBOT Soybean Futures Trading

Soybean future and soybean option contracts are traded on the Chicago Board of Trade. Soybeans originated in China and were first brought over by a Yankee Clipper in 1804 to be used as a balast that was discarded upon arrival in the U.S. It wasn't until 1829 when they were first were grown to be used to make soy sauce and later as a substitute for coffee beans.

George Washington Carver first tested soybeans to find out uses for them to diminish the dependence on cotton as the single commodity of the Southern economy. He invented soybean based varnishes, paints, inks, mayonnaise, salad dressings, linoleum, plastic and even fuel. Henry Ford and Mr. Carver partnered up and used soybeans to make plastic window handles, gas pedals and even dent proof trunk covers for many of the Fords built in the 1930's and 40's. The original diesel engine, invented by Rudolph Diesel, actually ran off of peanut oil based on Carver's research and today's diesel engines can run almost entirely on soybean oil. Using soybeans as a fuel product is just recently becoming investigated again because the high petroleum prices have made it economically feasible to use green fuels such as ethanol made from corn and sugar and bio diesel fuels made from soybean oil.

 

CBOT Soybean Futures and Options Quick Facts

  • 5000 bushel contract size

  • one cent move equals $50

  • trades Jan., Mar., May, July, Aug., Sep., Nov., Dec.

  • Soybean futures symbol (S)

 

Here is the grain and oilseed brochure courtesy of the CME Group.

Grain/oilseed brochure

 

Things to know about CME group soybean futures and options:

  • Soybean futures are a dollar denominated physical delivery 5,000 bushel (approximately 136 metric tons)

  • Primary uses of soybeans include livestock feed, edible oil and other foods

CME group soybean futures and options provide a way to:

  • Participate in global price discovery of soybeans

  • Effectively manage the price risk of soybean merchandisers, producers, food processors, livestock operations, importers and others heave related to the purchase or sale of soybeans

  • Take advantage of arbitrage and spread opportunities with other commodities including related grains, oilseeds and livestock

  • Identify short and long -term cyclical price and volatility patterns of soybeans

  • Trade to hedge or speculated based on expectations of directional price, spread movement or volatility in soybeans

 

To see other grain futures visit corn futures and wheat futures.

 

*Contract information changes from time to time. Please click here to see the most recent contract specifications and click here for the most recent trading hours.

 

Soybean Future Contract Specifications

Soybean Futures

 

Contract Size - 5,000 bushels

Tick Size - $0.025/bu

Daily Price Limit - $0.50/bu

Strike Price - $0.25/bu

Contract Months - Jan, Mar, May, Jul, Aug, Sep, Nov

Last Trading Day - Seventh business day proceeding the last business day of the delivery month.

Trading Hours - (CME Globex) Sunday - Friday 7:00 pm -7:45 am CT (Open Outcry) Monday -Friday 8:30 a.m. - 1:15 p.m. Central Time

Futures Ticker Symbol - S

Soybean Options

 

Contract Size - One CBOT Soybean Futures

Tick Size - 1/8c/bu

Daily Price Limit - $0.50/bu

Strike Price - N/A

Contract Months - Jan, Mar, May, Jul, Aug, Sep, Nov

Last Trading Day - Last Friday proceeding the first notice day of the corresponding soybean futures contract by at least five business days

Expiration Day - Unexercised options expire at 10 a.m. on the first Saturday following the last trading day.

Trading Hours - (CME Globex) Sunday - Friday 7:00 pm -7:45 am CT (Open Outcry) Monday -Friday 8:30 a.m. - 1:15 p.m. Central Time

Futures Ticker Symbol - CZ- call;-PZ- put

 

**Click Here Now! for actual soybean futures and options quotes, prices, expirations, charts .....

 

Soyoil Futures and Options Contract Specifications

Contract Size- 60,000 pounds

Tick Size- 1/100 of a cent (0.0001) per pound ($6 per contract)

Daily Price Limit- 2.5 cents per pound expandable to 3.5 and then 5.5 cents per pound when the market closes limit bid or limit offer.

Contract Months- January (F), March (H), May (K), July (N), August (Q), September (U), October (V) and December (Z)

Last Trading Day- The business day prior to the 15th calendar day of the delivery month

Trading Hours- (CME Globex) Sunday-Friday 7:00 pm-7:45 am CT and Monday-Friday 8:30 am-1:15 pm CT

(Open Outcry) Monday -Friday 8:30 am-1:15pm CT

Futures Ticker Symbol- Globex (ZL) Open Outcry (BO)

 

Soymeal Futures and Options Contract Specifications

Contract Size- 100 short tons

Tick Size- 10 cents per short ton ($10 per contract)

Daily Price Limit- $20 per short ton expandable to $30 and then to $45 when the market closes at limit bid or limit offer.

Contract Months- January (F), March (H), May (K), July (N), August (Q), September (U), October (V) and December (Z)

Last Trading Day- The business day prior to the 15th calendar day o fthe contract month.

Trading Hours- (CME Globex) Sunday -Friday 7:00 pm-7:45 am CT and Monday -Friday 8:30 am -1:15 pm CT

(Open Outcry) Monday -Friday 8:30 am -1:15 pm CT

Futures Ticker Symbol- Globex (ZM) Open Outcry (SM)

 

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The information presented in this commodity futures and options site is not investment advice and is for informational purposes only. No guarantees are being made to its accuracy or completeness. This information can be considered a solicitation to enter into a derivatives trade. Investing in futures and options carries substantial risk of loss and is not suitable for some people. Past or simulated performance is not indicative to future results.