CME Group Soybean Crush

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Synthetic Soybean Crush futures
Exchange CME Group
Settlement Physically delivered
Contract Size 50,000 bushels (~1361 metric tons)
Pricing Unit Need pricing unit!
Tick Value 1/4 of one cent per bushel ($125.00 per contract)
Contract Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V), & December (Z)
Last Trading Day Business day prior to the 15th calendar day for the earliest expiration of Soybeans or Soybean Meal and Soybean Oil Futures for the contract month. 12:01 PM Chicago Time
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Sunday - Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday - Friday, 8:30 a.m. – 1:15 p.m. CT

Ticker Symbol N/A BCX
Price Limits N/A N/A
 
Synthetic Soybean Crush options
Trade Unit One futures contract
Point Value Need point value!
Tick Value 1/8 of one cent per bushel ($62.50 per contract)
Option Months Jan. Mar. May July Aug. Sept. Oct. Dec.
Strike Prices 2 cents per bushel (e.g. $0.48, $0.50, $0.52)
Exercise Style All in-the-money options shall be automatically exercised, unless notice to cancel automatic exercise is given to the Clearing Services Provider, based on the settlement prices of the underlying components of the Soybean Crush.

Call (Put) Exercise: Long (Short) 11 Soybean Meal futures at the settlement price rounded to the nearest $2.50 per ton. Long (Short) 9 Soybean Oil futures at the settlement prices rounded to the nearest $0.0025 per pound. Short (Long) 10 Soybean futures at a price equal to Soybean Meal in $/ton x 0.022 + Soybean Oil in ¢/lb x 11 – Soybean

  Open Outcry Electronic
Trading Hours Monday – Friday, 8:30 a.m. – 1:15 p.m.

CT with Post session until 1:20 p.m. CT immediately following the close

Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol Put: BP Call: BC BCE
Price Limits Trading is prohibited during any day except for the last day of trading in a Soybean Board Crush Spread option at a premium of more than the trading limit for the Soybean futures contract above and below the previous day's settlement premium for that option as determined by the Clearing House. N/A

Notes

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