Soybean Oil Futures Quotes
The CBOT soybean oil futures contract is a contract
for future physical delivery of 60,000 lbs of soybean oil; however, the vast majority of the futures positions are
offset well before delivery. The CBOT soybean oil futures contract is priced in dollars and cents per lb.
Soybean Oil Options Quotes
The CBOT soybean oil options contract controls 60,000
lbs of soybean oil based on the underlying futures contract. The strike prices trade in $1/2 cent / lb when the strike
price is less than 30 cents / lb; 1 cent / lb when the strike price is 30 cents / lb or above. At the commencement of trading,
a consecutive series of strikes within 5.5 cents above and below the at-the-money strike are listed. The soybean oil option
premium is priced in cents per lb in $.00005 increments.
0.93 means $0.0093 cents/lb, and
$.0093 cents X 60,000 lbs = $558.00