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Soybeans Futures Trading

Soybeans Futures Trading - Get current Soybeans futures prices, quotes, historical charts, breaking Soybeans futures news & futures contract specifications.



Soybeans Futures

Current Soybeans Futures | Futures Prices

Latest Soybeans Futures News

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Soybeans Futures Prices — Historical Chart

Chart of Soybeans Futures futures updated April 11, 2013. Click the chart to enlarge. Press ESC to close.

Soybeans Futures Trading Chart updated April 11, 2013

Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

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Soybeans Futures Contract Specifications



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CME Globex Product Symbol (Electronic Trading) ZS

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Open Outcry Product Symbol (Trading Floor) S

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Contract Size Each futures contract shall be for 5,000 bushels of No. 2 yellow soybeans at par, No. 1 yellow soybeans at 6 cents per bushel over contract price, or No. 3 yellow soybeans at 6 cents per bushel under contract price provided that all factors equal U.S. No. 2 or better except for foreign material (refer to Rule 11104.). Every delivery of soybeans may be made up of the authorized grades for shipment from eligible regular facilities provided that no lot delivered shall contain less than 5,000 bushels of any one grade from any one shipping station

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Price Quotation Cents per bushel

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Venue CME Globex, Open Outcry

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CME Globex Hours (EST) 6:00 pm - 7:15 am and 9:30 am - 1:15 pm Central Time, Sunday - Friday

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Open Outcry Hours (EST) 9:30 am - 1:15 pm Central Time, Monday - Friday

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Minimum Fluctuation The minimum fluctuation for soybean futures shall be ¼ cent per bushel ($12.50 per contract), including spreads

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Daily Price Limits There shall be no trading in soybean futures at a price more than $0.70 per bushel ($3,500 per contract) above or below the previous day’s settlement price. Should two or more soybean futures contract months within the first seven listed non-spot contracts (or the remaining contract month in a crop year) close at limit bid or limit offer, the daily price limits for all contract months shall increase to $1.05 per bushel the next business day. Should two or more soybean futures contract months within the first seven listed non-spot contracts (or the remaining contract month in a crop year) close at limit bid or limit offer while price limits are $1.05 per bushel, daily price limits for all contract months shall increase to $1.60 per bushel the next business day. If price limits are $1.60 per bushel and no soybean futures contract month closes limit bid or limit offer, daily price limits for all contract months shall revert back to $1.05 per bushel the next business day. If price limits are $1.05 per bushel and no soybean futures contract month closes limit bid or limit offer, daily price limits for all contract months shall revert back to $0.70 per bushel the next business day. 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

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Position Limits

In accordance with Rule 559., Position Limits and Exemptions, no person shall own or control positions in excess of:

1. 600 contracts net long or net short in the spot month.

2. 6,500 futures-equivalent contracts net long or net short in any single contract month excluding the spot month. Additional futures contracts may be held outside of the spot month as part of futures/futures spreads within a crop year provided that the total of such positions, when combined with outright positions, does not exceed the all months combined limit.

3. 10,000 futures-equivalent contracts net long or net short in all months combined. For the purposes of this rule, one mini-sized soybean contract is equivalent to one-fifth of a corresponding full-sized soybean contract, and positions in soybean and mini-sized soybean contracts will be aggregated for the purpose of determining compliance with the contracts’ position limit.

4. Limit on Holdings of Registered and Outstanding Shipping Certificates – No person, at any time, shall own or control more than 600 registered and outstanding Soybean Shipping Certificates issued by facilities designated by the Exchange as regular to issue shipping certificates for Soybeans. The 600 certificate maximum shall include mini-sized Soybean certificates such that each mini-sized certificate represents the equivalent of one-fifth of a full-sized certificate.

If a person stops Soybean certificates for delivery in a quantity that would cause such person to exceed the 600 certificate limit, the person must cancel, retender or sell the quantity of certificates in excess of 600 not later than the following business day.

A person seeking an exemption from this limit for bona fide commercial purposes shall apply to the Market Regulation Department on forms provided by the exchange, and the Market Regulation Department may grant qualified exemptions in its sole discretion.

Refer to Rule 559. for requirements concerning the aggregation of positions and allowable exemptions from the specified position limits.

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Termination of Trading

No trades in soybean futures deliverable in the current month shall be made after the business day preceding the 15th calendar day of that month. Any contracts remaining open after the last day of trading must be either:

a. Settled by delivery no later than the second business day following the last trading day (tender on business day prior to delivery).

b. Liquidated by means of a bona fide Exchange of Futures for Related Position no later than the business day following the last trading day.

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Grades/ Grade Differentials

Upon written request by a taker of delivery at the time loading orders are submitted, a futures contract for the sale of soybeans shall be performed on the basis of United States origin only.

SOYBEAN GRADE DIFFERENTIALS

U.S. No. 1 Yellow Soybeans (maximum 13% moisture) - at 6 cents per bushel over contract price

U.S. No. 2 Yellow Soybeans (maximum 14% moisture) - at contract price

*U.S. No. 3 Yellow Soybeans(maximum 14% moisture) - at 6 cents per bushel under contract price

*All factors equal to U.S. No. 2 grade or better (including splits; heat damage; brown, black and/or bicolored soybeans in yellow soybeans) except foreign material (maximum 3%).

A contract for the sale of soybean futures shall be performed on the basis of the grades officially promulgated by the Secretary of Agriculture as conforming to United States Standards at the time of making the contract. If no such United States grades shall have been officially promulgated, then such contract shall be performed on the basis of the grades established by the Department of Agriculture of the State of Illinois, or the standards established by the Rules of the Exchange in force at the time of making the contract.

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Listed Contracts January (F), March (H), May (K), July (N), August (Q), September (U) & November (X). On the last day of trading in an expiring future, the close of trading shall begin at 12 o'clock noon and trading shall be permitted thereafter for a period not to exceed one minute. Quotations made during this one minute period shall constitute the close.

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Settlement Type Physical

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Delivery

Soybean Shipping Certificates shall specify shipment from one of the warehouses or shipping stations currently regular for delivery and located in one of the following territories:

A. Chicago and Burns Harbor, Indiana Switching District - When used in these Rules, the Chicago Switching District will be that area geographically defined by Tariff ICC WTL 8020-Series and that portion of the Illinois Waterway at or above river mile 304 which includes the Calumet Sag Channel and the Chicago Sanitary & Ship Canal. When used in these Rules, Burns Harbor, Indiana Switching District will be that area geographically defined by the boundaries of Burns Waterway Harbor at Burns Harbor, Indiana which is owned and operated by the Indiana Port Commission.

B. Lockport-Seneca Shipping District - When used in these Rules, the Lockport-Seneca Shipping District will be that portion of the Illinois Waterway below river mile 304 at the junction of the Calumet Sag Channel and the Chicago Sanitary & Ship Canal and above river mile 244.6 at the Marseilles Lock and Dam.

C. Ottawa-Chillicothe Shipping District - When used in these Rules, the Ottawa-Chillicothe Shipping District will be that portion of the Illinois Waterway below river mile 244.6 at the Marseilles Lock and Dam and at or above river mile 170 between Chillicothe and Peoria, IL.

D. Peoria-Pekin Shipping District - When used in these Rules, the Peoria-Pekin Shipping District will be that portion of the Illinois Waterway below river mile 170 between Chillicothe and Peoria, IL and at or above river mile 151 at Pekin, IL.

E. Havana-Grafton Shipping District - When used in these Rules, the Havana-Grafton Shipping District will be that portion of the Illinois Waterway below river mile 151 at Pekin, IL to river mile 0 at Grafton, IL.

F. St. Louis-East St. Louis and Alton Switching Districts - When used in these Rules, St. Louis-East St. Louis and Alton Switching Districts will be that portion of the upper Mississippi River below river mile 218 at Grafton, IL and above river mile 170 at Jefferson Barracks Bridge in south St. Louis, MO.

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Rulebook Chapter 11

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Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.

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