Soybean Meal Futures

Trading Unit: 100 tons (2,000 lbs/ton)

Delivery Grades: One grade of soybean meal only with minimum protein of 48 percent. See exchange Rules and Regulations for exact specifications.

Price Quote: Dollars and cents/ton

Tick Size: 10 cents/ton ($I10/contract)

Daily Price Limit: $10/ton ($1,000/contract) above or below the previous day's settlement price (expandable to $15/ton). No limit in the spot month (limits are lifted two business days before the spot month begins).

Contract Months: Oct, Dec, Jan, Mar, May, Jul, Aug, Sep

Contract Year: Oct to Sep

Last Trading Day: Seventh business day preceding the last business day of the delivery month

Last Delivery Day: Second business day following the last trading day of the delivery month

Trading Hours: 9:30 a.m. - 1: 1 5 p.m. Chicago time, Mon- Fri- Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbol: sm


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