What Are Soybeans Futures?
Investors with the ability to roll holdings and understanding of the nuances of future markets can utilize futures contracts to gain exposure to this commodity. There is a very liquid market for soybean futures on the Chicago Mercantile Exchange; contracts representing 5,000 bushels (about 136 metric tons) of #2 Yellow soybeans are priced in cents per bushel. Deliverable grades also include #1 Yellow at a 6 cent/bushel premium, and #3 Yellow at a 6 cent/bushel discount.
Contract months include January (F), March (H), May (K), July (N), August (Q), September (U), and November (X), and the last trade date for each month is the business day prior to the 15th calendar day of the contract month. Soybeans trade on the CME Globex under the symbol ZS and in Open Outcry trading under the symbol S.
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