Soybean Futures

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About CBOT Soybean Futures

Soybeans have a seemingly limitless range of uses. Most importantly, of course, they serve as a central ingredient in baby food, diet-food products, beer, ale, noodles, cooking oil, margarine, mayonnaise, salad dressing, shortening, etc. Lecithin is a natural emulsifier derived from soybeans. Several important low-fat sources of protein, such as tofu, miso, and soymilk also use soybeans as a major ingredient.

Soybeans are increasingly being seen as renewable resource with many industrial applications, too. For example, many publications are printed using soy ink, which is more environmentally-friendly than petrochemical-based inks. Soy diesel is a new energy source that's capturing the attention of the trucking industry. And soybeans are also used in adhesives, cleaning material, polyesters, and other textiles.

CBOT Soybean Futures Specifications

• Soybean futures, Chicago Board of Trade, symbol S. This contract covers 5,000 bushels. The minimum tick is 0.25, worth $12.50 per contract.
• Trade electronically on the CBOT platform from 7:31 PM EST to 2:15 PM EST on the following day. Please note that there is a maintenance period from 7:00 AM EST until 10:30 AM EST during which trading is halted.
• Principal trading months for soybean futures include January, March, May, July, August, September, and November.