Soybean Meal Futures Quotes
The CBOT soybean meal futures contract
is a contract for future physical delivery of 100 tons of soybean meal; however, the vast majority of the futures positions
are offset well before delivery. The CBOT soybean meal futures contract is priced in dollars and cents per ton.
Meal Options Quotes
CBOT soybean meal options contract controls 100 tons of soybean meal based on the underlying futures contract. The strike
prices trade in $5 per short ton when the
strike price is less than $200/short ton; $10 per short ton when strike price is $200/short ton or above. At the commencement
of trading, 10 strikes above and 10 below the at-the-money strike are listed. The soybean meal option premium
is priced in dollars per ton in $.05 increments.
12.75 means $12.75/ton, and
$12.75 X 100 tons = $1,275.00