[Day Trading] CME CBOT:ZM Soybean Meal Futures
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.
Listed Contracts: January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z).
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.
Grade And Quality: As of January 2019, 47.5% Protein Soybean Meal, meeting the requirements listed in the CBOT Rules and Regulations.
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.