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Soybean Oil Futures Specifications

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Soybean Oil  Futures Specifications

The soybean oil contract specifications tell you how the soybean oil  futures trade, not how to trade the soybean oil  futures. Before you consider opening a commodity futures account you should consult with a licensed commodities broker.

Soybean Oil Futures

Contract Size

60,000 lbs

Deliverable Grades

Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.

Tick Size

1/100 cent ($0.0001)/lb ($6/contract)

Price Quote


Contract Months

Oct, Dec, Jan, Mar, May, Jul, Aug, Sep

Last Trading Day

The business day prior to the 15th calendar day of the contract month.

Last Delivery Day

Last business day of the delivery month.

Trading Hours

Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.

Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.

Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols

Open Auction: BO

Electronic: ZL

Daily Price Limit

2.5 cents per pound ($1,500/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).

Margin Information

Find information on margins requirements for the Soybean Oil Futures.

An Introduction to Trading CBOT Agricultural Futures and Options

Click on the link above to download a printable .pdf booklet entitled “An Introduction to Trading CBOT Agricultural Futures and Options”. It is published by the Chicago Board of Trade. It is a must read guide for any novice or advanced trader considering an investment in the soybean oil futures.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclosure.

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