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|
|Contract Unit||136 metric tons|
|Price Quotation||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"
|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|
|Product Code||CME Globex: SAS
CME ClearPort: SAS
|Listed Contracts||11 monthly contracts listed in the Jan, Feb, Mar, May, Jul, Aug, Sep and Nov contracts|
|Settlement Method||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.|
|Termination of Trading||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|
|Position Limits||CBOT Position Limits|
|Exchange Rulebook||CBOT 11F|
|Block Minimum||Block Minimum Thresholds|
|Price Listing or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
- South American Soybeans. CME.