CME CBOT:ZM Soybean Meal Futures [SERIES]
Soybean Meal Futures (CME CBOT: ZM) : Soybean meal is produced from the residue left after oil extraction. Soybean meal is used in food and animal feeds as a protein supplement, and also used as a source of metabolizable energy. CBOT = Chicago Board of Trade. Product Code: CME Globex: ZM. Contract Unit: 100 Short Tons (~ 91 metric tons). Price Quotation: Dollars and Cents per short ton. Minimum Price Fluctuation: 10 cents per short ton ($10.00 per contract). Settlement Method: Deliverable. Trading Hours: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT. Termination Of Trading: The business day prior to the 15th calendar day of the contract month. Last Delivery Date: Second business day following the last trading day of the delivery month. Listed Contracts: January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z). Grade And Quality: As of January 2019, 47.5% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations.