CME Group Soybean Oil

Soybean Oil Futures 	Soybean Oil Futures 	Soybean Oil Futures
Contract unit 	60,000 pounds 	60,000 pounds
Price Quotation 	U.S. cents per pound 	U.S. cents per pound
Trading Hours 	CME Globex: 	Sunday – Friday: 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday: 8:30 a.m. – 1:20 p.m. CT
TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and ?
Monday - Friday 8:30 a.m. - 1:15 p.m. CT
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 	1/100 of one cent (0.0001) per pound = $6.00
TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright 	1/100 of one cent (0.0001) per pound = $6.00
TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright
Product Code 	CME Globex: ZL
CME ClearPort: 07
Clearing: 07
TAS: ZLT 	CME Globex: ZL
CME ClearPort: 07
Clearing: 07
TAS: ZLT
Listed Contracts 	15 monthly contracts of Jan, Mar, May, Aug, Sep and 12 monthly contracts of Jul, Oct, Dec listed annually after the termination of trading in the December contract of the current year	15 monthly contracts of Jan, Mar, May, Aug, Sep and 12 monthly contracts of Jul, Oct, Dec listed annually after the termination of trading in the December contract of the current year
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	Trading terminates on the business day prior to the 15th day of the contract month. 	Trading terminates on the business day prior to the 15th day of the contract month.
Trade Marker or Trade at Settlement Rules	Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.
TAS Table	Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.
TAS Table
Settlement Procedures 	Soybean Oil Settlement Procedures 	Soybean Oil Settlement Procedures
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 12 	CBOT 12
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Last Delivery Date 	Seventh business day following the last trading day of the delivery month. 	Seventh business day following the last trading day of the delivery month.
Grade and Quality 	Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications. 	Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.
Soybean Oil Options 	Soybean Oil Options 	Soybean Oil Options
Contract Unit 	1 futures contract for 60,000 pounds 	1 futures contract for 60,000 pounds
Minimum Price Fluctuation 	5/1000 of a cent (0.00005) per pound = $3.00 	5/1000 of a cent (0.00005) per pound = $3.00
Price Quotation 	U.S. cents per pound 	U.S. cents per pound
Trading Hours 	CME Globex: 	Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Trading Hours 	Open Outcry: 	Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code 	CME Globex: OZL
CME ClearPort: 07
Open Outcry: Put: OZ Call: OY
Clearing: 07 	CME Globex: OZL
CME ClearPort: 07
Open Outcry: Put: OZ Call: OY
Clearing: 07
Listed Contracts 	Monthly contracts listed for 2 consecutive months, 10 monthly contracts of Jan, Mar, May, Jul, Aug, Sep, Oct, Dec, an additional Sep contract month listed in May and an additional Dec contract month listed in November. 	Monthly contracts listed for 2 consecutive months, 10 monthly contracts of Jan, Mar, May, Jul, Aug, Sep, Oct, Dec, an additional Sep contract month listed in May and an additional Dec contract month listed in November.
Termination of Trading 	Trading terminates on the Friday which precedes, by at least two business days, the last business day of the month prior to the contract month. 	Trading terminates on the Friday which precedes, by at least two business days, the last business day of the month prior to the contract month.
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 12A 	CBOT 12A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E. 	1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E.
Exercise Style 	The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.	The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method 	Deliverable 	Deliverable
Underlying 	Soybean Oil Futures 	Soybean Oil Futures
== Notes ==
== Resources ==
*CME Group Soybean Oil Contract Specs
*Soybean Oil Settlement Procedures
*CBOT Position Limits
*[http://www.cmegroup.com/rulebook/CBOT/II/12/12.pdf CBOT 12
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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