DCE Soybean Meal

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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.[1]

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.[2]

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 Monthly Volume by Product.JPG



DCE Soy Meal futures
Exchange Dalian Commodity Exchange
Settlement Physically delivered
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
Ticker Symbol N/A M
Price Limits N/A 4% of last settlement price (temporarrily 5%)

Contract Volume

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
2014 204,988,746 (-)22.7%
2013 265,357,592 --

References

  1. DCE History. Dalian Commodity Exchange.
  2. Soybean Meal. Dalian Commodity Exchange.