CME Group Soybean Meal

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Soybean Meal futures
Exchange CME Group
Settlement Physically delivered
Contract Size 100 Short Tons (~ 91 metric tons)
Pricing Unit 1 point = $10.00
Tick Value 10 cents per short ton ($10.00 per contract)
Contract Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)
Last Trading Day The business day prior to the 15th calendar day of the contract month.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol N/A ZM
Price Limits N/A Price limits scalable to next level above or below when price settles at limit. ($20/$30/$45) per ton ($2,000/$3,000/$4,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
 
Soybean Meal options
Trade Unit One futures contract
Point Value 1 point = $10.00
Tick Value Regular: 1 = $10.00
Option Months January (F), March (H), April (J), May (K), July (N), August (Q), September (U), October (V) & December (Z); a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, an October option exercises into an October futures position.
Strike Prices Need strike price description!
Exercise Style The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 6:00 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
  Open Outcry Electronic
Trading Hours Monday – Friday, 8:30 a.m. – 1:15 p.m.

CT with Post session until 1:20 p.m. CT immediately following the close

Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol Put: MZ Call: MY OZM
Price Limits N/A Price limits scalable to next level above or below when price settles at limit. ($20/$30/$45) per ton ($2,000/$3,000/$4,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).

Notes

Resources