[Spot Trading] CME CBOT: ZL Soybean Oil Futures
Soybean Oil Futures (CME CBOT: ZL) :
Soybean oil is a vegetable oil extracted from the seeds of the soybean, and It is one of the most widely consumed cooking oils. As a drying oil, processed soybean oil is also used for printing inks and oil paints.
Contract Size : 60,000 pounds (lbs) (~ 27 metric tons)
Price Quotation : Cents per pound
Minimum Price Movement : 1/100 of a cent ($0.0001) per pound ($6.00 per contract)
Settlement : Physical delivery
Listed Contracts : 15 monthly contracts of Jan, Mar, May, Aug and Sep listed annualy and 12 monthly contracts of Jul, Oct and Dec listed annually.
Grade And Quality : Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.
Last Delivery Date : Seventh business day following the last trading day of the delivery month.
Termination Of Trading : Trading terminates on business day before the 15th day of the contract month.
Trading Hours :
Chicago
(1) 19:00 ~ 07:45 (Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT)
(2) 08:30 ~ 13:20 (Monday – Friday, 8:30 a.m. – 1:20 p.m. CT)
Singapore
(1) 09:00 ~ 21:45
(2) 22:30 ~ 03:20