DCE Soybean Meal
DCE soybean meal futures trade on the Dalian Commodity Exchange (DCE). Soybean meal futures have been trading on the DCE since 1998, but the current contract was officially launched on July 17, 2000.
Each DCE soybean meal futures contract represents 10 tons of deliverable grade soybean meal, which is defined in accordance with DCE Delivery Quality StandardF/DCE D001-2006, and its last delivery date is set as the fourth day after the last trading day of the delivery month.
Effective March 24, 2008, each DCE soybean meal contract is subject to a margin rate equivalent to seven percent of contract value, up from the previous five percent (e.g., 2613.1 yuan = 3733 yuan [M809 last price on June 3, 2008] x 10 [tons/contract] x seven percent) as well as a trading fee of no more than three yuan (RMB) / contract.
|DCE Soy Meal futures|
|Exchange||Dalian Commodity Exchange|
|Contract Size||10 tons / contract|
|Pricing Unit||10 yuan (RMB)|
|Tick Value||10 yuan (RMB)|
|Contract Months||Jan, Mar, May, Jul, Aug, Sep, Nov, Dec|
|Last Trading Day||10th Trading Day of the Delivery Month|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||9 - 11:30 am., 1:30 - 3 p.m. Beijing time|
|Price Limits||N/A||4% of last settlement price (temporarrily 5%)|
In 2014, the volume of DCE soy meal futures traded ranked second among all agricultural futures and options contracts according to the FIA.
|Year||Total Annual Volume||Percent Change|