CME Group South American Soybeans

South American Soybeans is a CBOT contract that focuses in on the Brazilian soybean trade, specifically export prices coming out of the port of Santos, Brazil. Though it reflects Brazilian output, the contract is settling in US dollars.
South American Soybeans Futures	South American Soybeans Futures 	South American Soybeans Futures 	
Contract Unit 	136 metric tons 	136 metric tons 	
Price Quotation 	U.S. dollars and cents per metric ton 	U.S. dollars and cents per metric ton 	
Trading Hours 	CME Globex: 	Monday - Friday: 8:30 a.m. - 1:20 p.m. CT
Pre-Open: Monday - Friday: 8:00 a.m. - 8:30 a.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 	0.20 per metric ton = $27.20 	0.20 per metric ton = $27.20 	
Product Code 	CME Globex: SAS
CME ClearPort: SAS
Clearing: SAS 	CME Globex: SAS
CME ClearPort: SAS
Clearing: SAS 	
Listed Contracts 	11 monthly contracts listed in the Jan, Feb, Mar, May, Jul, Aug, Sep and Nov contracts 	11 monthly contracts listed in the Jan, Feb, Mar, May, Jul, Aug, Sep and Nov contracts 	
Settlement Method 	Financially Settled 	Financially Settled 	
Floating Price 	The Floating Price for each contract month shall be equal to the arithmetic average of the “SOYBEX FOB Santos - Platts Symbol SYBBB00 ” price assessment published by Platts for each day that it is determined during the calculation period. The Floating Price shall be rounded to the nearest $0.01.	The Floating Price for each contract month shall be equal to the arithmetic average of the “SOYBEX FOB Santos - Platts Symbol SYBBB00 ” price assessment published by Platts for each day that it is determined during the calculation period. The Floating Price shall be rounded to the nearest $0.01.	The Floating Price for each contract month shall be equal to the arithmetic average of the “SOYBEX FOB Santos - Platts Symbol SYBBB00 ” price assessment published by Platts for each day that it is determined during the calculation period. The Floating Price shall be rounded to the nearest $0.01.
Termination of Trading 	Trading terminates on the business day prior to the 16th calendar day of the month prior to the contract month. 	Trading terminates on the business day prior to the 16th calendar day of the month prior to the contract month. 	
Settlement Procedures 	South American Soybean Settlement Procedure 	South American Soybean Settlement Procedure 	South American Soybean Settlement Procedure
Position Limits 	CBOT Position Limits 	CBOT Position Limits 	
Exchange Rulebook 	CBOT 11F 	CBOT 11F 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	
Price Listing or Circuit 	Price Limits 	Price Limits 	
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
== Notes ==
==References==
== Resources ==
CME Group FOB Santos Soybeans Financially Settled (Platts) Contract Specifications
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