Soybean Meal

Posted By Steve On Thursday, November 5th, 2009 With 0 Comments
Exchange Dalian Commodity Exchange (DCE)
Type Commodity
Underlying Soybean Meal
Currency Renminbi (RMB)
Contract Size 10 Metric Tonnes
Tick Size 1.0
Tick Value 10 RMB
Pre-Open 1
Trading Session 1 09:00- 11:30
Pre-Open 2
Trading Session 2 13:30 – 15:00
Pre-Open T+1 No T+1 Session
Trading Session T+1 No T+1 Session
Last Trading Day 10th Trading Day of the Delivery Month
Last Delivery Day 4th Day after the Last Trading Day of the Delivery Month
Final Settlement Price
Settlement Type Physical
Deliverable Grade Soybean Meal quality must have a moisture level less than 13.1%. Contain less than 7.1% Crude Fiber. Crude Protein must exceed 43%. Ash Content can not exceed 7%.
Delivery Location The Warehouses Appointed by the Dalian Commodity Exchange
Contract Months January, March, May, July, September, November
First Trading Day  
Position Limit
Initial Margin (outright) 5% of the Contract Value
Maintenance Margin (outright) 5% of the Contract Value
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit 4% of Last Settlement Price
Options No
Exchange Symbol M
Reuters Symbol  
Bloomberg Symbol  
ISIN Symbol  

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