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Soybeans Futures Specifications

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Futures Contract Specifications

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

Soybeans Futures 

Contract Size

5,000 bushels

Deliverable Grades

No. 2 Yellow at par, No. 1 yellow at 6 cents per bushel over contract price and No. 3 yellow at 6 cents per bushel under contract price*

 *No. 3 Yellow Soybeans are only deliverable when all factors equal U.S. No. 2 or better except foreign material. See Chapter 10s - Soybean Futures in the Rules & Regulations section.

Tick Size

1/4 cent/bu ($12.50/contract)

Price Quote

Cents bushel

Contract Months

Sep, Nov, Jan, Mar, May, Jul, Aug

Last Trading Day

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

Last Delivery Day

Second business day following the last trading 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: S

Electronic: ZS

Daily Price Limit

70 cents/bu ($2,500/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 Soybeans 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 soybeans futures.

Click here to contact a licensed commodities broker with experience in the soybeans market.

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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