CME CBOT: ZL Soybean Oil Futures Trading Strategy Today - Soybean Oil price Long-term forecast and trade ideas
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■ Soybean Oil Futures (CME CBOT: ZL)
Soybean oil is a vegetable oil extracted from the seeds of the soybean, and It is one of the most widely consumed cooking oils. As a drying oil, processed soybean oil is also used for printing inks and oil paints.
Contract Size : 60,000 pounds (lbs) (~ 27 metric tons), Price Quotation : Cents per pound, Minimum Price Movement : 1/100 of a cent ($0.0001) per pound ($6.00 per contract), Settlement : Physical delivery, Trading Hours : Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Listed Contracts : 15 monthly contracts of Jan, Mar, May, Aug and Sep listed annualy and 12 monthly contracts of Jul, Oct and Dec listed annually. Termination Of Trading : Trading terminates on business day before the 15th day of the contract month. Last Delivery Date : Seventh business day following the last trading day of the delivery month. Grade And Quality : Crude soybean oil meeting exchange-approved grades and standards-see exchange Rules and Regulations for exact specifications.