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What are soybean oil futures?

In conclusion, Soybean Oil Futures are a flexible and convenient tool for managing price risk in the soybean oil market. By allowing traders to lock in a price for soybean oil at a future date, these contracts help to mitigate price risk and provide a means of hedging against price fluctuations.

Where can I buy soybean futures?

Soybean futures contracts are offered on the Chicago Mercantile Exchange (CME), and they can be traded from any part of the world through the Globex electronic trading platform. One soybean futures contract is equivalent to 5,000 bushels (about 135 metric tons) of soybean, and the price quotation is in cents per bushel. 4.

What is the minimum price change for soybean oil futures?

Tick Size: The minimum price change (also known as a “tick”) for Soybean Oil Futures is 0.01 cents per pound, or $6.00 per contract. Daily Price Limits: The CME and ICE have established daily price limits for Soybean Oil Futures, which limit the amount by which the price of the contract can change within a single trading day.

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