Soybeans Futures Quotes
The CBOT soybeans futures contract is a contract for future physical delivery of 5,000 bushels of soybeans;
however, the vast majority of the futures positions are offset well before delivery. The CBOT soybeans futures contract is
priced in dollars and cents per bushel. It trades in 1/4s, but is quoted in 1/8s.
617-4 means $6.17 4/8 or $6.17 1/2
The CBOT soybeans options contract controls 5,000
bushels of soybeans based on the underlying futures contract. The strike prices trade in 5-cent intervals for the first two
months, and 10-cent intervals for all other months. The premium is priced in cents per bushel. It options trades in 1/8s,
and the price is quoted in 1/8s.
14-5 means 14 and 5/8th of a cent, and
X 5,000 bushels = $731.25