CBOT: SAS South American Soybean (FOB Santos Soybean Financial Settled : Platts) Futures prices chart

South American Soybean (FOB Santos Soybean Financial Settled : Platts) Futures (CBOT: SAS)
Product Code: CME Globex: SAS, CME ClearPort: SAS, Clearing: SAS

Financially settled South American Soybean futures will offer a more precise tool to manage exposure to the Brazilian soybean market. Brazil plays a key role in the global soybean market as the largest producer and exporter of soybeans. Settling in US dollars to the Platts index, the contract will reflect Brazilian export prices at the port of Santos and provides new trading opportunities outright or in combination with our existing suite of soybean-based contracts.

Contract Unit: 136 metric tons (MT)
Price Quotation: .
Minimum Price Fluctuation: $0.20 per ton ($27.20 per contract)
Settlement Method: Financially settled

Floating price: The arithmetic average of the “SOYBEX FOB Santos” price assessment published by Platts for each day that it is determined from and including the 16th calendar day in the 2nd month prior to the contract month to and including the 15th calendar day in the month prior to the contract month. The Floating Price shall be rounded to the nearest $0.01.

Listed Contracts: January, February, March, May, July, August, September, and November with 11 contracts listed at any time.

Termination of Trading: Trading shall cease on the business day prior the 16th calendar day in the month prior to the contract month.

Trading Hours: 8:30 a.m. – 1:20 p.m. CT Monday through Friday (settlement time remains 1:15 p.m. CT)